On Wednesday, Nvidia Corporation (NASDAQ: NVDA) reported its fiscal first quarter results, surpassing both top and bottom-line estimates as demand for AI chips remains as robust as ever. Nvidia sales continue to skyrocket as Google, Microsoft Corporation (NASDAQ: MSFT), Meta Platforms (NASDAQ: META), Amazon.com Inc (NASDAQ: AMZN) and Microsoft-backed OpenAI spend billions of dollars to buy its graphics processing units to develop and deploy generative AI applications. During extended trading on
Nvidia reported its fiscal first quarter earnings after the bell on Wednesday, beating analysts' expectations on the top and bottom lines while raising its dividend and announcing a 10-for-1 stock split.
As Nvidia again smashes targets, Microsoft teases a new breakout and record high, while teaming up on AI assistants with ServiceNow.