{"id":3965,"date":"2023-05-25T10:03:24","date_gmt":"2023-05-25T15:03:24","guid":{"rendered":"https:\/\/embarrdowns.com\/nvidias-revenue-guidance-for-q2-sends-shares-soaring-25-in-after-hours-trading\/"},"modified":"2023-05-25T10:03:24","modified_gmt":"2023-05-25T15:03:24","slug":"nvidias-revenue-guidance-for-q2-sends-shares-soaring-25-in-after-hours-trading","status":"publish","type":"post","link":"https:\/\/embarrdowns.com\/nvidias-revenue-guidance-for-q2-sends-shares-soaring-25-in-after-hours-trading\/","title":{"rendered":"Nvidia&#8217;s Revenue Guidance for Q2 Sends Shares Soaring 25% in After-Hours Trading"},"content":{"rendered":"<p>Nvidia shares surged nearly 25% in after-hours trading on Wednesday after the company reported market-crushing revenue guidance for its fiscal second quarter.<sup id=\"cite_ref1-0\" class=\"reference\"><a href=\"#cite_note1-0\">[0]<\/a><\/sup> The company expects to generate $11 billion, plus or minus 2%, with solid demand for its artificial intelligence (AI) chips driving the growth.<sup id=\"cite_ref1-0\" class=\"reference\"><a href=\"#cite_note1-0\">[0]<\/a><\/sup> This comes despite a 13% decline in the top line in Q1 due to a slump in the gaming division.<sup id=\"cite_ref1-1\" class=\"reference\"><a href=\"#cite_note1-1\">[1]<\/a><\/sup> Nvidia CEO Jensen Huang said that &#8220;a trillion dollars of installed global data center infrastructure will transition from general purpose to accelerated computing as companies race to apply generative AI into every product, service and business process&#8221;.<sup id=\"cite_ref1-1\" class=\"reference\"><a href=\"#cite_note1-1\">[1]<\/a><\/sup> Nvidia is the most valuable chipmaker by leaps and bounds, with the jump in market capitalisation putting it on the doorstep of becoming the next trillion dollar company.<\/p>\n<p><span id=\"cite_note1-0\">0. <\/span>&#8220;Nvidia (NASDAQ:NVDA) Stock Spikes on Robust AI Chip Demand&#8221; TipRanks, 25 May. 2023, <a target=\"_blank\" href=\"https:\/\/www.tipranks.com\/news\/nvidia-nasdaqnvda-stock-spikes-on-robust-ai-chip-demand\" rel=\"noopener nofollow\"><a href=\"https:\/\/www.tipranks.com\/news\/nvidia-nasdaqnvda-stock-spikes-on-robust-ai-chip-demand\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/www.tipranks.com\/news\/nvidia-nasdaqnvda-stock-spikes-on-robust-ai-chip-demand<\/a><\/a><\/p>\n<p><span id=\"cite_note1-1\">1. <\/span>&#8220;Nvidia\u2019s beats estimates with quarterly revenue of $7.19B, down 13% from year ago&#8221; VentureBeat, 24 May. 2023, <a target=\"_blank\" href=\"https:\/\/venturebeat.com\/ai\/nvidias-beats-estimates-with-quarterly-revenue-of-7-19b-down-13-from-year-ago\/\" rel=\"noopener nofollow\"><a href=\"https:\/\/venturebeat.com\/ai\/nvidias-beats-estimates-with-quarterly-revenue-of-7-19b-down-13-from-year-ago\/\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/venturebeat.com\/ai\/nvidias-beats-estimates-with-quarterly-revenue-of-7-19b-down-13-from-year-ago\/<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nvidia shares surged nearly 25% in after-hours trading on Wednesday after the company reported market-crushing revenue guidance for its fiscal second quarter.<sup id=\"cite_ref1-0\" class=\"reference\"><a href=\"#cite_note1-0\">[0]<\/a><\/sup> The company expects to generate $11 billion, plus or minus 2%, with solid demand for its artificial intelligence (AI) chips driving the growth.<sup id=\"cite_ref1-0\" class=\"reference\"><a href=\"#cite_note1-0\">[0]<\/a><\/sup> This comes despite a 13% decline in the top line in Q1 due to a slump in the gaming division.<sup id=\"cite_ref1-1\" class=\"reference\"><a href=\"#cite_note1-1\">[1]<\/a><\/sup> Nvidia CEO Jensen Huang said that &#8220;a trillion dollars of installed global data center infrastructure will transition from general purpose to accelerated computing as companies race to apply generative AI into every product, service and business process&#8221;.<sup id=\"cite_ref1-1\" class=\"reference\"><a href=\"#cite_note1-1\">[1]<\/a><\/sup> Nvidia is the most valuable chipmaker by leaps and bounds, with the jump in market capitalisation putting it on the doorstep of becoming the next trillion dollar company.<\/p>\n<p><span id=\"cite_note1-0\">0. <\/span>&#8220;Nvidia (NASDAQ:NVDA) Stock Spikes on Robust AI Chip Demand&#8221; TipRanks, 25 May. 2023, <a target=\"_blank\" href=\"https:\/\/www.tipranks.com\/news\/nvidia-nasdaqnvda-stock-spikes-on-robust-ai-chip-demand\" rel=\"noopener\"><a href=\"https:\/\/www.tipranks.com\/news\/nvidia-nasdaqnvda-stock-spikes-on-robust-ai-chip-demand\">https:\/\/www.tipranks.com\/news\/nvidia-nasdaqnvda-stock-spikes-on-robust-ai-chip-demand<\/a><\/a><\/p>\n<p><span id=\"cite_note1-1\">1. <\/span>&#8220;Nvidia\u2019s beats estimates with quarterly revenue of $7.19B, down 13% from year ago&#8221; VentureBeat, 24 May. 2023, <a target=\"_blank\" href=\"https:\/\/venturebeat.com\/ai\/nvidias-beats-estimates-with-quarterly-revenue-of-7-19b-down-13-from-year-ago\/\" rel=\"noopener\"><a href=\"https:\/\/venturebeat.com\/ai\/nvidias-beats-estimates-with-quarterly-revenue-of-7-19b-down-13-from-year-ago\/\">https:\/\/venturebeat.com\/ai\/nvidias-beats-estimates-with-quarterly-revenue-of-7-19b-down-13-from-year-ago\/<\/a><\/a><\/p>\n","protected":false},"author":3,"featured_media":3964,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"_links":{"self":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/3965"}],"collection":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/comments?post=3965"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/3965\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media\/3964"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=3965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=3965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=3965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}