Nvidia CEO: Customers are buying now, not waiting for next chip [Yahoo! Finance Canada]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance Canada
The tech giant also announced a 10-for-1 stock split and is raising its dividend. For Q1 of fiscal 2025, Nvidia ( NVDA ) reported revenue rose 262% to $26.0 billion, with its Data Center being the biggest contributor. Revenue for that unit soared 427% year-over-year to $22.6 billion. There have been concerns that with the company's new Blackwell platform coming later this year, customers may be holding off on purchasing Nvidia's Hopper products. In an exclusive interview, Nvidia founder and CEO Jensen Huang said that's not the case. "Hopper demand grew throughout this quarter after we announced Blackwell, and so that kind of tells you how much demand there is out there. People want to deploy these data centers right now. They want to put our GPUs to work right now and start making money and start saving money. And so that demand is just so strong," Huang says. One point Huang made is just how big inference is. Nvidia describes AI inference as "the process of using a trained mode
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