Year on year, both dividends per share and earnings per share increased 22.78% and 137.89%, respectively.
Currently, NVIDIA sits at a high price, but investors should acknowledge that the chipmaker still has major growth ahead through AI.
Toyota is just one of 200 self-driving car partnership announcements for NVIDIA.
NVIDIA (NASDAQ:NVDA) saw revenues rise 48 per cent year-on-year to $1.94bn, just ahead of Wall Street's forecasts, with hopes that its second quarter will beat estimates of around $195bn (Source - Financial Times). Net income more than doubled to $507m, with earnings per share also more than twice last year's figure. With the shift in the business model to focus on artificial intelligence, a sector with software revenues of over $59bn by 2025, the company's previous success could easily continue to provide a new stimulus to drive investor confidence.
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