Overview
- Nvidia posted $57 billion in quarterly revenue, with roughly 90% from its Data Center business, far topping forecasts.
- The company guided for about $65 billion in next-quarter sales and executives struck an upbeat tone on sustained demand.
- Investors took the results as reassurance after a volatile run-up marked by stake sales from Peter Thiel’s fund and SoftBank.
- Alphabet’s Sundar Pichai cautioned about “elements of irrationality” in AI investment, and the ECB flagged risks from market concentration.
- Analysts remain split as massive capex and energy needs raise questions about long-term returns and the sector’s tight interconnections.