Source: AI chip giant Nvidia’s shares sink despite record sales of $30bn
Artificial intelligence (AI) chip giant Nvidia says its revenues for the three months to the end of July more than doubled compared to a year earlier, hitting a record $30bn (£24.7bn).
However, the firm’s shares fell by more than 6% in New York after the announcement.
Nvidia has been one of the biggest beneficiaries of the AI boom, with its stock market value soaring to more than $3tn.
The company’s shares have risen by more than 160% this year alone.
“It’s less about just beating estimates now, markets expect them to be shattered and it’s the scale of the beat today that looks to have disappointed a touch,” said Matt Britzman, senior equity analyst at Hargreaves Lansdown.
The sky-high expectations are driven by its valuation, which has surged ninefold in value in under two years thanks to its dominance of the AI chip market.
Profits for the period soared, with operating income rising 174% from the same time last year to $18.6bn.
It was the seventh quarter in a row that Nvidia had beaten analysts’ expectations on both sales and profits.
“Generative AI will revolutionise every industry,” said Nvidia chief executive Jensen Huang.
人工智能（AI）芯片巨头英伟达表示，截至 7 月底的三个月收入比去年同期增长了一倍多，达到创纪录的 300 亿美元（247 亿英镑）。 然而，该消息公布后，该公司在纽约的股价下跌了 6% 以上。英伟达一直是人工智能热潮的最大受益者之一，其股票市值飙升至 3 万亿美元以上。 仅今年该公司股价就上涨了160%以上。 Hargreaves Lansdown 高级股票分析师马特·布里茨曼表示：“现在不仅仅是超出预期，市场预计这些预期将会被打破，而今天超出预期的规模似乎令人有点失望。” 其估值推动了极高的期望，由于其在人工智能芯片市场的主导地位，其价值在不到两年的时间里飙升了九倍。 期内利润飙升，营业收入较去年同期增长 174%，达到 186 亿美元。 这是英伟达连续第七个季度的销售额和利润都超出了分析师的预期。 英伟达首席执行官黄仁勋表示：“生成式人工智能将彻底改变每个行业。”
