Tag: ai chips

Nvidia quarterly profit soars on demand for AI chips

Nvidia on Wednesday said its profit soared to $12.3 billion in the recently ended quarter on record high revenue driven by demand for its chips to power artificial intelligence. The Silicon Valley chip titan reported record revenue of $22.1 billion in the quarter than ended late January and record high revenue of $60.9 billion for the fiscal year. Profit in the same quarter a year ago was $1.4 billion, while revenue in the same three […]