Nvidia forecasts $108B quarterly revenue as data center sales surge

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Nvidia has projected it will generate $108 billion in revenue within the next few months, which would place it among an elite group of companies including Amazon, Apple, and Alphabet to surpass $100 billion in a single quarter. The chipmaker reported a record $96.2 billion in total revenue for its latest quarter, up more than $10 billion from the prior quarter. Data center revenue more than doubled year-over-year to a record $89 billion, driven by surging demand for AI infrastructure. The company's profits also more than doubled, reaching $59.7 billion for the quarter.

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