The AI sector has rebounded significantly, with companies like NVIDIA (NVDA), Innodata (INOD), and Broadcom (AVGO) reporting strong quarterly results. NVIDIA’s Data Center sales reached $39.1 billion, marking a 73% year-over-year increase, while Innodata reported sales of $58.3 million, up 120% from the previous year. Broadcom’s latest AI revenue hit $4.4 billion, a 46% year-over-year increase, contributing to total sales of $15.0 billion, which grew 20% year-over-year.
NVIDIA’s CEO Jensen Huang highlighted a tenfold surge in global demand for AI infrastructure over the past year. Innodata has reaffirmed its FY25 revenue growth guidance of over 40%, with projected sales reaching $242 million, an increase of more than 50% from the previous year. Meanwhile, Broadcom forecasts AI semiconductor revenue of $5.1 billion for Q3.
This notable growth among these three companies signals a strong demand for AI technology, aligning with the recent momentum in the AI trade.
