Nvidia’s stock is converted to positive in premarket bidding

Nvidia Thursday Thursday during the bidding on the edge of the action positively positively positively positively positively positively income and profits in the second financial quarter.

Shares Artificial intelligence Gig -Giant initially slipped after the report.

According to LSEG, sales increased by 56% in the quarter to $ 46.74 billion, headed in TOG Wall Street 46.06 billion. The company reported a $ 1.05 promotion, which was higher than $ 1.01 per share, evaluated by analysts.

The revenue of the data center of $ 41.1 billion did not reach the estimates for the second consecutive period, but still increased by 56% the year before.

Nvidia said it expects the profit in this quarter to be $ 54 billion, as well as minus 2%, although this number does not include any H20 supplies to China. According to LSEG, analysts expected a profit of $ 53.1 billion.

In the conference with investors, NVIDIA CEO Jensen Juan said that AI has made “huge progress” last year and that the creation of AI infrastructure is still in the early stages.

“As the AI ​​Revolution went in full, as the AI ​​race is now, Capex expenses doubled to $ 600 billion a year,” he said. “There are five years from now to the end of the decade, and 600 billion dollars are only four best hypers.”

Juan predicted $ 3 trillion up to $ 4 trillion in AI infrastructure by the end of the decade.

“The opportunity is huge,” he added.

Benchmark analysts said there was a Nvidia leadership on Thursday that “only modest up to a high street consensus”, but overall the report showed “solid consistent and annual growth”.

“We believe that Nvidia’s results are in line with its previous tasks and in no way indicate a slowdown in the AI ​​industry interest or investment,” analysts who have a NVIDIA stock rating, writes in the note.