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- NVIDIA's revenue +94% to $35.1B, net income +109% to $19.3B, as AI chip boom continues
NVIDIA's revenue +94% to $35.1B, net income +109% to $19.3B, as AI chip boom continues
Bay Area Times
November 21, 2024
Top stories today:
- NVIDIA's revenue +94% to $35.1B, as AI chip boom continues
- DOJ asks court to force Google to sell Chrome, restrict Android
- FTX co-founder Wang gets no jail time over crypto fraud
- xAI said to have raised $5B at $50B, with $100M annualized revenue
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of the few hallucinations):
1. NVIDIA’s revenue +94% to $35.1B, net income +109% to $19.3B, as AI chip boom continues
Q2: revenue was +122% to $30.0B, net income +168% to $16.6B.
Guidance of $37.5B in revenue for the next quarter, vs. $37.1B in estimates.
13K samples of Blackwell chip have been shipped to customers, NVIDIA CFO said.
NVIDIA stock was -1% to $144.16 ($3.61T market cap) after the bell.
3. DOJ asks court to force Google to sell Chrome, restrict Android from favoring search engine
Google is also recommended to be barred from exclusionary deals with Apple and Samsung.
This approach would “jeopardize America’s global economic and technological leadership at precisely the moment it’s needed most,” Google said.
The breakup is unlikely, but access to other search engines may be given.
4. FTX co-founder Wang gets no jail time over crypto fraud
