The profit per share was $ 0.89, compared with the $ 0.84 that analysts expected according to the analysis company Lseg.
Sales landed at $ 39.33 billion, which can be compared with the expected $ 38.04 billion.
Furthermore, the company reports that sales rose by 78 percent during the quarter and points forward with confidence. There, Nvidia believes in sales of $ 43 billion during the current quarter, compared with the expected 41.78 billion.
Nvidia’s share price has risen 440 percent over the past two years and is currently the world’s second highest -valued listed company after the iPhone manufacturer Apple.
The success is based on the fact that Nvidia’s data chip is the most important building blocks in advanced AI services such as Chat GPT from Open AI.
What the analysts now keep their eyes extra careful about is whether the supposedly increased competition from Chinese AI companies puts an impression in Nvidia’s future forecasts.
Another concern is that bottlenecks within the AI expansion will delay customers’ billion orders at Nvidia.