NVIDIA (NVDA) reported a 106% year-over-year revenue surge to $96.2 billion and a 120% increase in adjusted EPS to $2.22, surpassing consensus expectations. The results mark the company’s fifth consecutive quarter of exceeding forecasts, driven by a remarkable 117% year-over-year growth in Data Center revenue, totaling $89.0 billion. CEO Jensen Huang stated that demand for AI computing infrastructure is accelerating as new platforms enter production.
Other members of the Magnificent Seven group also posted strong earnings. Apple (AAPL) achieved a record $109.4 billion in quarterly revenue, growing 16% year-over-year, with adjusted EPS of $2.02. Microsoft (MSFT) reported an 18% sales increase and a 23% earnings growth year-over-year, with its Intelligent Cloud revenue at $39.3 billion, up 32% year-over-year.
Overall, the earnings cycle indicates robust growth within the tech sector, particularly in AI-related fields, reinforcing the companies’ strong market positions.
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