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๐ NVIDIA Can't Stop and Won't Stop ๐
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NVIDIA Canโt Stop and Wonโt Stop ๐
Asteroids โ๏ธ
Trending Tools โ๏ธ
NVIDIA Can't Stop and Won't Stop ๐
NVIDIA dropped their earnings this week and OMG, the companyโs earnings report was nothing short of a blockbuster opening.
NVIDIA This Week
Hereโs a quick look at their numbers:
Total Revenue: $13.5 Billion (+88% QoQ)
Net Profit: $6.2 Billion (+17% QoQ)
Data Center Revenue: $10.3 Billion (+141% QoQ)
Gaming Revenue: $2.5 Billion (+11% QoQ)
The Mighty Datacenter
See the jump in revenue from Datacenter earnings? Yes folks, NVIDIAโs revenue from selling their flagship GPUs 3 x'ed YoY.
Heck, it jumped 141% from the last quarter. We know that there are high-growth companies but then they donโt have a market cap of $1.2 trillion!
The Flashback
In the mid-1990s, when corporate America suddenly realized that they needed to get onto the next big thing called The Internet, there was one only company ready to supply the routers that firms needed to connect.
That company was Cisco Systems. And it looks like the same thing is happening for GPUs as we embrace the dawn of the AI era.
You know what they say : During a gold rush, sell shovels.
The Future
The company has proved that the AI Hype isnโt just hype and is translating to real Benjis. LOOTS of Benjamins!
NVIDIA is exceptionally bullish on its growth.
The company raised its guidance and projected a revenue of $16 billion for the current quarter, ahead of analysts expectations of $12.6 billion.
Whatโs your take on this? Do you think (NASDAQ:NVDA) canโt go up any higher or do you think this is just the beginning?
โ๏ธ Asteroids โ๏ธ
The EU's Digital Services Act lets social network users opt-out of AI-curated feeds, promoting a more natural, chronological feed. Say goodbye to endless cat videos and hello to posts from actual friends .๐ฑ๐
Meta is shutting down Messenger Lite for Android in September. While SMS support is ending, they're boosting security with end-to-end encryption soon! ๐ฑ๐ฌ
Google is enhancing ad transparency and data access for researchers to align with Europe's Digital Services Act. Expect more insights on ads and content policies! ๐๐
โ๏ธ Trending Tools โ๏ธ
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๐ป๏ธ Levi V2 - Build stunning AI-powered websites
๐ Aptible - No Infrastructure Platform to deploy in seconds
โก๏ธ Zap - Craft free cover letters instantly, tailored to your resume
๐ฐ Recommended Reading ๐ฐ
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