Nvidia's $58. 3bn Profit: A Boom That May Not Be Sustainable Nvidia's latest earnings report has sent shockwaves through the tech industry with a record profit of $58. 3bn for the February April period.
The boom in AI chip sales is driven by explosive demand for semi autonomous AI models, with Nvidia's data centre business surging 92 percent year on year to $75. 2bn.
On the surface, this news appears to be a windfall for investors and shareholders, who are being rewarded with an additional $80bn stock buyback scheme and a dividend hike from $0. 01 a share to $0. 25 per share.