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in the united states and the third largest company on wall street. so expectations for their fourth quarter earnings had been skyhigh or high. estimates were that they would reported earnings of $3.64 a share and around 24 $.4 billion in revenue. but the company did better than that earnings came in at around $5 per share and revenue, $22.1 billion. the company says that revenue during this quarter would beat expectations. the company is riding high on enthusiasm over artificial intelligence. their chips are used to power ai models that are all the rage in the tech industry right now. that is why quarterly results get so much attention. investors look to the performance for clues about how the ai boom is progressing. to hear the chief executive officer tell at one stage, quote, accelerated computing and generative ai have hit the tipping point. demand is surging worldwide across companies, industries and nations. ~ companies, industries and nation nations. we spoke wit ....
is it too early for tequila? what time is it where you are? artificial intelligence has hit the tipping point . that was the message in the last few hours from jensen huang the boss of nvidia, which dominates the market for al chips. it came as his company revealed earnings and forecasts that were even better than expected. profits of the last three months of 2023 were up 769% on the previous year. the boom in artificial intelligence has been causing a frenzy on wall street as investors try to cash in on a revolution that could transform the way we live and work. nvidia has been among the biggest winners so far its soaring share price has made it one of world s most hightly valued companies. wednesday s results were seen as a key test of how the ai boom is translating into profits. and as erin delmore in new york explains nvidia has delivered. nvidia is the leading chipmaker in the us and the third largest company on wall street. so expectations for the company ....
this is bbc news, the headlines: hundreds of post office employees wrongly convicted in the uk s biggest miscarriage ofjustice are due to have their names cleared under new legislation. albania s constitutional court has approved a controversial agreement to return asylum seekers in italy to albania. and police in the uk warn about drivers under the influence of illegal drugs. time for a look at the business news now with mark. artificial intelligence has hit the tipping point. that was the message in recent hours from jensen huang, the boss of nvidia. it dominates the market for al chips. their earnings and forecasts were better than expected. profits for the last three months of 2023 were up 769% on the previous year. huang also announced new moves to defend its market dominance in china which is now threatened by us export curbs. but are we watching a bubble develop? here s one industry perspective from malcolm penn, who is a consultant to the semiconductor and elec ....
aviation. i fully wondered “ust last week with my familyh aviation. i fully wondered “ust last week with my family. i flew on it “ust last week with my family. i flew on it just last week week with my family. i flew on it just last week with week with my family. i flew on it just last week with my week with my family. i flew on it just last week with my family. - welcome to world business report, i m mark lobel. artificial intelligence has hit the tipping point. that was the message in recent hours from jensen huang, the boss of nvidia. it dominates the market for al chips. their earnings and forecasts were better than expected. profits for the last three months of 2023 were up 769% on the previous year. huang also announced new moves to defend its market dominance in the country now threatened by us export curbs. but are we watching a bubble develop? here s one industry perspective from malcolm penn, who is a consultant to the semiconductor and ele ....
fourth quarter earnings had had been skyhigh. estimates were that they would reported earnings of $3.64 $4.64 a share and around 24.4 billion in revenue. but the company did better than that. earnings came in at around $5 per share and revenue, $22.1 billion. the company says that revenue during this quarter would beat expectations. the company is riding high on enthusiasm over artificial intelligence. their chips are used to power the ai models that are all the rage in the tech industry right now. that is why quarterly results get so much attention. investors look to the performance for clues about how the ai boom is progressing. to hear the chief executive officer tell at one stage, quote, accelerated computing and generative ai have hit the tipping point. demand is surging worldwide across companies, industries and nations. we spoke with a technology analyst and asked what the nvidia boss said and meant when he said ai was at a tipping point. we are starting to see m ....