Nvidia reported revenue of $96.2bn for the second quarter
Nvidia reported revenue of $96.2bn for the quarter, up 106% from the same period last year, and then did something it has never done before by guiding a full year ahead.
The shares slipped about 1.3% on the release and only turned sharply higher once chief financial officer Colette Kress reached the section of the call dealing with the $500bn financing plan it assembled with six finance giants, which is a fair indication of what investors were actually waiting to hear.
Data centre revenue accounted for $89.0bn of the total, up 117% year on year and a little over 92% of everything Nvidia sold. Edge computing contributed the remaining $7.2bn, and Vera Rubin is now in full production.
The year-ahead forecast is the genuine novelty here rather than the beat. “It is the case that we’ve never forecasted, never guided to a year in advance,”Jensen Huang said,...
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