AI Just Helped Nvidia Crush Q2 Earnings Expectations -- and the Chip Giant's Massive Artificial Intelligence Transformation Is Just Heating Up
Nvidia (NASDAQ: NVDA) published its second-quarter earnings results after the market closed on Aug. 23 and crushed Wall Street's expectations. The graphics processing unit (GPU) leader posted adjusted earnings of $2.70 per share on revenue of $13.51 billion, blowing past the average analyst estimate of per-share earnings of $2.09 on sales of $11.22 billion.
Surging demand for artificial intelligence (AI) hardware and services powered explosive growth for the company's data center segment and propelled huge sales and earnings beats.
Take a look at the chart below for a breakdown in Nvidia's sales and earnings in the record-setting quarter and read on for a more in-depth look at the massive, AI-driven transformation taking place at the company.
Source Fool.com
