June 9, 2023
0525 nvidia qing jing shi yi tu 2 guan fang zhao pian 960

Nvidia’s revenue fell 13%, but the stock price rose 20%

The global GPU manufacturer Huida (Nvidia) announced this Wednesday (5/24) its financial report for the first quarter of fiscal year 2024 as of April 30 this year. In this quarter, Nvidia recorded a revenue of 7.19 billion US dollars, a decrease from the same period last year. 13%, however, as a major global supplier of AI software/hardware, Nvidia benefited from the surge in global demand for AI, and its stock price soared 24.63% after hours that day, soaring to $380.6.

Ewen Eagle

I am the founder of Urbantechstory, a Technology based blog. where you find all kinds of trending technology, gaming news, and much more.

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