Last week NVIDIA blew Wall Street's expectations out of the water. The company reported updated Q1 earnings on Wednesday, their quarterly profit came in at more than $2 billion. Their current quarter numbers where NVIDIA was projecting $11 billion of sales is not only a 64% year-over-year jump, it's more than 50% higher than the $7.2 billion that industry analysts were projecting going into that earnings call.
Nvidia made a huge number of AI related announcements at Computex, including new chips, a new AI supercomputer, a partnership with the world's biggest advertising agency WPP, and a new AI gaming platform. The AI Breakdown helps you understand the most important news and discussions in AI.
Subscribe to The AI Breakdown newsletter: https://theaibreakdown.beehiiv.com/subscribe
Subscribe to The AI Breakdown on YouTube: https://www.youtube.com/@TheAIBreakdown
Join the community: bit.ly/aibreakdown
Learn more: http://breakdown.network/