Nvidia posts $58.32 billion profit on AI demand (opens in new tab)

Nvidia reported quarterly profit of $58.32 billion for the February-April period, up from $18.78 billion a year earlier, as revenue rose 85% to $81.62 billion on demand for high-end artificial intelligence chips. Several sources described Nvidia as the world's most valuable company. It again exceeded Wall Street expectations, with data center revenue reaching $75.2 billion. Nvidia forecast about $91 billion in revenue for the current quarter, above the average analyst estimate cited by Bloomb...