Nvidia has another record quarter amid record capex spends

Nvidia has reported another record quarter, with the company's earnings beating expectations. The demand for tokens in the world has gone completely exponential, according to Nvidia CEO Jensen Huang.

The company's capex spend has also reached a record high, with Nvidia investing heavily in its AI business. This has led to a significant increase in the company's revenue, with Nvidia's data center business seeing a 75% increase in revenue.

Nvidia's success is a testament to the growing demand for AI technology. The company's AI business has been a major driver of its growth, with Nvidia's AI chips being used in a wide range of applications, from data centers to autonomous vehicles.

The company's record quarter is a significant milestone for Nvidia, and it highlights the company's position as a leader in the AI industry. With its record capex spend and significant revenue growth, Nvidia is well-positioned to continue its success in the years to come.

Sources

[1] Nvidia has another record quarter amid record capex spends