By Miguel Mike Medina
Photo Credit: David Ho
Nvidia announced its second-quarter earnings results. The company’s revenue reached $46 billion, up 6 percent from the previous quarter.
The company has high expectations and wants to continue to grow. Nvidia expects to reach at least $250 billion in revenue for 2026. The impact of Artificial Intelligence is enormous. As Nvidia looks into the third quarter, it expects to reach $54 billion in revenue.
Chris Rolland, a Wall Street analysts at Susquehanna, joined CNBC to give his thoughts about Nvidia’s quarterly results and the potential of the company to continue to grow.
“The ChatGPT moment in 2022 changed everything,” Rolland said. “The value has accrued to Nvidia, which is powering at least 80 percent of everything right now, so that will slow. But 250 billion is a reasonable expectation for next year.”
According to CNBC, Nvidia said that “there were no H2O sales to China-based customers in the second quarter.”
There’s no stopping Nvidia. The company has too much momentum, and they continue to find ways to grow their company. Nvidia decided to connect distributed data centers for giga-scale AI. The company also announced that Nvidia’s DGX Cloud Lepton will be expanded.
What does DGX bring to the table, or what is its value? DGX Cloud Lepton aims to connect Europe’s developers to NVIDIA’s global compute ecosystem.
Miguel Mike Medina is the publisher of The MMM Journal. He can be reached at medinamiguelmike@gmail.com and themmmjournal@gmail.com
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