Nvidia’s Revenue in the Second Quarter Increased by 88% Quarter-on-Quarter, Exceeding Expectations

2023/08/24 00:20

August 24th, Nvidia released its second-quarter financial report. Due to the surge in demand for artificial intelligence chips, second-quarter revenue greatly exceeded Wall Street's expectations, reaching a high of $13.5 billion, an 88% increase from the first quarter. The company's revenue figure is more than $2 billion higher than the analyst-predicted $11.2 billion. As a result, AI-related cryptocurrencies such as FET, RNDR, and AGIX have seen the highest increase of over 4% in the past 24 hours.
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