Nvidia reported problems in the first quarter of 2024, exceeding analysts’ expectations.
The company’s revenue amounted to $26.04 billion. This is 262% more than in the same period last year. Separate Nvidia counts revenue from data centers. It grew by 427% and amounted to $22.6 billion.
Nvidia’s financial performance comes on the back of strong performance in artificial intelligence chips by major tech companies such as Microsoft, Google, Amazon and OpenAI.
Since the beginning of 2024, Nvidia shares have risen 97%, and after the publication of the financial report, the share price exceeded $1,000 per share for the first time after the close of trading. The company itself is worth $2.3 trillion.
On June 7, Nvidia split its shares 10:1. Shareholders receive an additional nine shares for each share they own. This will reduce the price of shares, increase their number in the first place, while not the greatest value of the company and will eventually slow down. [Financial Times]
🔥 By the way, we are giving away 10 Telegram Premium subscriptions for 6 months in our Telegram channel right now! Click and participate 😎
Source: Iphones RU
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
