Nvidia’s revenue more than doubled in the past quarter, continuing its impressive growth streak and exceeding consensus estimates. Revenue for the three months ending in July reached $30 billion, marking a 122% increase from the previous year, surpassing analysts' expectations of $28.7 billion. Nvidia projects revenue of $32.5 billion for the current quarter, plus or minus 2%, about $1 billion above consensus expectations. Additionally, the company authorized another $50 billion in share buybacks.

Read the full research in the app

A subscription is required to access the full thread.