{"id":85685,"date":"2023-08-24T01:17:31","date_gmt":"2023-08-24T05:17:31","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=85685"},"modified":"2023-08-24T01:09:06","modified_gmt":"2023-08-24T05:09:06","slug":"nvidias-blowout-earnings-report-shows-chipmaker-is-gobbling-up-all-the-profit-in-ai","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2023\/nvidias-blowout-earnings-report-shows-chipmaker-is-gobbling-up-all-the-profit-in-ai.html","title":{"rendered":"Nvidia\u2019s blowout earnings report shows chipmaker is gobbling up all the profit in AI"},"content":{"rendered":"\n<p>(CNBC) Nvidia\u2019s overall sales grew <strong>171%<\/strong> on an annual basis to <strong>$13.51 billion<\/strong> in its second fiscal quarter, which ended July 30, the <a href=\"https:\/\/www.cnbc.com\/2023\/08\/23\/nvidia-nvda-earnings-report-q2-2024.html\">company announced Wednesday<\/a>. Not only is it selling a bunch of AI chips, but they\u2019re more profitable, too: The company\u2019s gross margin expanded over 25 percentage points versus the same quarter last year to 71.2% \u2014 incredible for a physical product.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/08\/23\/nvidia-blowout-earnings-report-shows-chipmaker-grabbing-all-ai-profits.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Nvidia\u2019s overall sales grew 171% on an annual basis to $13.51 billion in its second fiscal quarter, which ended July 30, the company announced Wednesday. Not only is it selling a bunch of AI chips, but they\u2019re more profitable, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-85685","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=85685"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85685\/revisions"}],"predecessor-version":[{"id":85686,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85685\/revisions\/85686"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=85685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=85685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=85685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}