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Nvidia shares soar after revenue tops estimates

BBC News

Chip giant Nvidia beat Wall Street's expectations for revenue and upcoming sales, easing investor concerns about heavy artificial intelligence (AI) spending that have unsettled markets. In its quarterly earnings report on Wednesday, the firm said revenue for the three months to October jumped 62% to $57bn, driven by demand for its chips used in AI data centres. Sales from that division rose 66% to more than $51bn. Fourth-quarter sales forecasts in the range of $65bn also topped estimates, sending shares in Nvidia more than 3% higher in after-hours trading. Nvidia, the world's most valuable company, is seen as a bellwether for the AI boom.





WIRED Roundup: DHS's Privacy Breach, AI Romantic Affairs, and Google Sues Text Scammers

WIRED

In this episode of Uncanny Valley, we discuss our scoop about how the Department of Homeland Security illegally collected Chicago residents' data for month, as well as the news of the week. In today's episode, host Zoรซ Schiffer is joined by executive editor Brian Barrett to discuss five stories you need to know about this week--from how AI affairs can now be grounds for divorce, to why Google is suing one of the largest networks of text scammers. Then, we dive into how the Department of Homeland Security illegally gathered the data of hundreds of Chicago residents. If the US Has to Build Data Centers, Here's Where They Should Go This Is the Platform Google Claims Is Behind a'Staggering' Scam Text Operation AI Relationships Are on the Rise. Please help us improve Uncanny Valley by filling out our listener survey. Write to us at uncannyvalley@wired.com. You can always listen to this week's podcast through the audio player on this page, but if you want to subscribe for free to get every episode, here's how: If you're on an iPhone or iPad, open the app called Podcasts, or just tap this link. Note: This is an automated transcript, which may contain errors. Today on the show, we're bringing you five stories that you need to know about this week, including our scoop about how the Department of Homeland Security, or DHS, collected Chicago residents' data for months in violation of domestic espionage rules. I'm joined today by WIRED's executive editor Brian Barrett.