Nvidia posted quarterly revenue of $96.2 billion (€82.4bn) on Wednesday, comfortably beating the $92.2 billion (€79bn) Wall Street had expected, as chief executive Jensen Huang declared that artificial intelligence had reached "its inflection point" and guided next quarter revenue to $108 billion (€92.5bn) — again, above forecasts.
"AI has reached its inflection point," Huang said in a statement. "It's doing useful work. Its tokens are productive and profitable. Now, compute is revenue, and demand is accelerating."
Shares initially dipped after the release before recovering in after-hours trading.
Days on which Nvidia reports its quarterly results have an outsized importance for the world's most valuable company.
At a market capitalisation north of $5 trillion (€4.3tn) it is the most valuable company in the world, worth more than the GDP of Japan, the fourth largest economy in the world.
