Nvidia also issued current quarter revenue guidance of $16 billion, plus or minus 2%, far outpacing Wall Street's already lofty expectations for $12.5 billion in revenue. By segment, Nvidia reported data center revenue of $10.3 billion and gaming revenues of $2.5 billion, topping forecasts for $8 billion and $2.4 billion, respectively. Leading enterprise IT system and software providers announced partnerships to bring NVIDIA AI to every industry. Story continuesJensen Huang, president of NVIDIA, holding the Grace hopper superchip CPU used for generative AI during COMPUTEX 2023. The AI craze kicked into high gear in November 2022 when OpenAI debuted its generative AI app, ChatGPT.

Source: Wall Street Journal August 23, 2023 14:20 UTC