Nvidia’s CEO, Jensen Huang, emphasized during the post-earnings press conference that a new era of technology has dawned, with global businesses actively embracing faster computing and AI technologies. In the last quarter, several major cloud service providers announced their adoption of Nvidia’s H100 artificial intelligence infrastructure. Nvidia’s AI chips have already found applications across various industries.

Furthermore, Nvidia also announced a stock buyback of 7.5 million shares and the distribution of dividends totaling $3.38 billion.

Nvidia’s Q3 Outlook

Nvidia anticipates that in the third quarter of 2023, the company’s total revenue will continue to increase significantly to $16 billion, while profit margins are expected…