Nvidia posts record $81.6B quarterly revenue, reveals $43B in startup holdings, forecasts slowing growth
Toasted to a respectable shade. No regrets, no crumbs left.
Summary
Nvidia reported another record-breaking quarter with $81.6 billion in revenue (up 20% from the previous quarter) and a record $75.2 billion in data center revenue for the period ending April 26. The company also revealed $43 billion in startup holdings and authorized $80 billion in share repurchases. However, the company forecasted that revenue growth would slow in the following quarters.
Key quotes
· 4 pulledNvidia announced another record revenue figure after market close on Wednesday, reporting financial results for the quarter ending April 26.
Over those three months, the company brought in $81.6 billion in revenue (up 20% from the previous quarter) and a record $75.2 billion in data center revenue.
On the strength of that revenue, the company is authorizing $80 billion in share repurchases.
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