Nvidia shares rebound as AI boom fuels record data centre revenue

firstpost.com

Nvidia shares rebounded 4.2% after initially slipping, as the chipmaker beat quarterly estimates and raised its outlook, though investor expectations for the AI boom remain exceptionally high. Data centre revenue surged 117% year-over-year to $89 billion, with third-quarter revenue forecast at about $108 billion. CEO Jensen Huang cited an AI "inflection point," and executives projected 70% fiscal 2028 revenue growth. Nvidia has beaten estimates for eight consecutive quarters, yet options markets priced a potential 5.4% swing. Concerns persist over AI financing, including circular deals, though Nvidia's maximum exposure under guarantee agreements was $3.5 billion.


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Nvidia shares rebound as AI boom fuels record data centre revenue | News Minimalist