A leading chipmaker reported a dramatic surge in quarterly revenue, exceeding Wall Street expectations and reinforcing strong demand for its AI-focused processors. The company projected continued growth, forecasting a 70% revenue increase by fiscal 2028, while also deepening its collaboration with a major cloud services provider. Analysts will be watching how sustained AI adoption shapes its financial trajectory. The announcement highlights the tech sector’s shifting priorities toward artificial intelligence infrastructure.
Nvidia’s quarterly revenue more than doubled and the chipmaker forecast third-quarter revenue above Wall Street estimates on Wednesday, signaling persistent demand for its AI chips. The company also said it expects revenue to grow by about 70% in fiscal 2028, and announced an expansion of its partnership with Amazon’s cloud computing unit, Amazon Web Services. The pair...
