Nvidia releases its earnings report, the tech giant’s stock price jumps in extended trade as it breaches all estimates to record 62% year-over-year jump; check here

For the quarter, GAAP and non-GAAP earnings per diluted share were both $1.30. “Blackwell sales are off the charts, and cloud GPUs are sold out,” said Jensen Huang, founder and CEO of NVIDIA, as quoted by the company. “Compute demand keeps accelerating and compounding across training and inference — each growing exponentially. We’ve entered the virtuous cycle of AI. The AI ecosystem is scaling fast — with more new foundation model makers, more AI startups, across more industries, and in more countries. AI ...