Strong revenue forecast from Nvidia

California-based chipmaker Nvidia announced a stronger-than-expected balance sheet due to sales of artificial intelligence chips. The company also raised its sales estimates, signaling that AI spending will remain strong. US chipmaker Nvidia announced its financial results for the 3-month period ending on April 28, which it accepted as the first quarter of its 2025 fiscal year on its balance sheet. Nvidia's revenues increased by 260 percent annually in the 3-month period ending in April, reaching $26 billion. The expectation was $24.69 billion. Nvidia's net profit increased by 628 percent annually in the quarter, reaching $14.9 billion. The company's earnings per share, which was 82 cents in the fourth quarter of the last fiscal year, also increased to $5.98 in this period. The company estimated that its revenues would reach $28 billion in the next quarter. The expectation was $26.8 billion. Nvidia CEO Jensen Huang said, "We are preparing for the next wave of growth." made his assessment. Huang emphasized that companies and countries are partnering with Nvidia to shift traditional trillion-dollar data centers to accelerated computing and create a new type of data center to produce “a new commodity, artificial intelligence.” Pointing out that artificial intelligence will bring significant efficiency gains to nearly every industry, Huang said, “Artificial intelligence will help companies become more cost and energy efficient while also increasing revenue opportunities.” Stock Split Nvidia also announced that it would split in order to make stock ownership more accessible to employees and investors. As demand for AI chips continues to rise, Nvidia’s shares have gained nearly 92 percent since the beginning of the year, and the company’s market value has exceeded $2.3 trillion.