Nvidia Shatters Revenue Records With A Staggering $30 Billion Quarter Yet Sees Stock Prices Slide - Setting The Stage For A Game-Changing Chip Release

Quick Summary:

NVIDIA Corp (NASDAQ: NVDA) has made headlines with its outstanding financial results for the second quarter, reporting revenues of $30 billion, a remarkable 122% increase from the same period last year.

Nvidia reported a striking 122% increase in revenues, reaching $30 billion for the second quarter.

Nvidia's CFO, Colette Kress, revealed plans for the upcoming launch of the Blackwell chip in the fourth quarter.

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Author / Journalist: Zaheer Anwari

Category: Technology

Markets: United States

Topics: Markets Contributors Benzinga US67066G1040 AI Tech News Expert Ideas Trading Ideas NVDA

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 13:44:06 (2 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 447 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 22308274

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