TLDR · BIG TECH & STARTUPS

NVIDIA PROFITS SOAR, SOOTHING INVESTOR JITTERS OVER AI BOOM

links.tldrnewsletter.com5 min read

Summary from the TLDR newsletter

Nvidia reported record sales at its quarterly earnings report yesterday. The company hit a record $57 billion in the October quarter, up 62% from the year-earlier quarter. Nvidia estimates sales for the current quarter will reach $65 billion. Shares in the company rose up to 6.5% in after-hours trading.