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CROSS-SPECTRUMBROAD COVERAGE
Nvidia posts strong quarterly earnings as AI demand fuels data‑center revenue surge
Nvidia reported quarterly revenue of $96.2 billion and earnings per share of $2.22, both above consensus estimates. The company’s data‑center sales jumped 117 % year over year, driving its stock up about 8.7 % to $227.98. CFO Colette Kress projected a 70 % revenue increase for the fiscal year ending in early 2028, while senior executives highlighted that AI workloads are outpacing the company’s growth targets. Analysts raised price targets in response to the results.
How this was covered
- Left-leaning outlets covered this 27h later
Why it matters
The earnings beat signals that AI‑driven computing is accelerating faster than many investors expected, affecting tech stocks and the broader economy.
How this story developed
- Aug 26 Nvidia poised to join elite club of $100 billion quarterly earners
- Aug 27 Nvidia added a new tranche of GPU chips to its agreement with AWS for future data‑center deployments.
- Aug 27 Nvidia set a provisional 70% revenue growth target for fiscal 2028.
- Sep 1 Nvidia announced quarterly revenue of $96.2 billion, surpassing analyst forecasts.
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