Nvidia tops $96.2 billion in quarterly revenue, forecasts 70% growth next year

Nvidia reported quarterly revenue of $96.2 billion, beating Wall Street expectations, and said it expects revenue growth of about 70% in its next fiscal year. The results eased investor worries that AI infrastructure spending might be slowing, since the company’s outlook signaled continued strong demand for its chips and related products. The forecast also underscored Nvidia’s central role in the AI boom and its importance to the broader technology sector.