Nvidia's Blackwell Chips Boost AI Boom
Update: 2025-11-19
Description
Nvidia, the leading chipmaker, has released a promising financial outlook for the current quarter, driven by the high demand for their new Blackwell chips. Their data center business, now generating $100 billion annually, has seen a remarkable 427% increase in revenue compared to last year. Nvidias shares surged over 6% in after-hours trading, exceeding analysts predictions of $26.8 billion revenue with a projected $28 billion. The companys CEO, Jensen Huang, expressed confidence in the market and the potential of their new Blackwell chips, expected to be available later this year. Despite growing competition, Nvidia maintains its dominance in the AI chip market, poised to continue benefiting from the AI boom.
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