NVIDIA is riding yet another record-breaking quarter, reporting a massive 50% in quarterly revenue for the second quarter in a row, beating analysts expectations yet again.
NVIDIA continues to see strong demand for its GPUs and is seeing massive growth in areas like self-driving car technology, and AI. NVIDIA posted $1.9 billion in revenues, with $1.88 billion expected by analysts. NVIDIA's graphics business continues to grow, with $1.85 billion in revenue - an increase of 57%.
Analysts expected NVIDIA to hit $2.11 billion of revenue for the three-month period, but the company beat those expectations by hitting $2.17 billion - up from $1.4 billion last quarter.