Nvidia identifies Huawei as its top competitor in making AI chips, including GPUs, CPUs, and networking chips. Learn more about the competition between Nvidia and Huawei in the AI chip market.
The Silicon Valley chipmaker has been on an extraordinary rise over the past 18 months, driven by demand for its specialised and costly semiconductors, which are used for training popular AI services like OpenAI s ChatGPT chatbot.
Adjusted for one-time items, Nvidia earned $5.16 a share in the latest quarter, that topped Wall Street forecasts for $4.59 per share, based on analysts surveyed by FactSet Research. Analysts had expected revenue of $20.4 billion for the period that concluded the company s fiscal year.