NVIDIA Q1 Data Center Revenue $22.6B, Up 23% From Prior Qtr
Portfolio Pulse from Benzinga Newsdesk
NVIDIA reported Q1 data center revenue of $22.6 billion, marking a 23% increase from the previous quarter.
May 22, 2024 | 8:24 pm
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POSITIVE IMPACT
NVIDIA's Q1 data center revenue reached $22.6 billion, a 23% increase from the previous quarter, indicating strong growth in this segment.
The significant increase in data center revenue suggests robust demand and growth in NVIDIA's data center segment, likely boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100