The company is one of the few chipmakers capable of making the kind of high-end graphics processing units needed to train and deploy generative AI models.that beat analyst expectations, though the chipmaker issued a weaker-than-expected forecast. The stock initially dropped about 4% in extended trading but recovered after the company gave a forecast for its AI chip business.Sign up for NBC New York newsletters.
Net income in the third quarter rose to $299 million, or 18 cents per share, from $66 million, or 4 cents per share a year ago. Revenue increased 4% from $5.6 billion a year earlier. . That market is dominated by"Within the AI space, we've had very good customer engagement across the board from hyperscalers to OEMs, enterprise customers, and some of the new AI start-ups that are out there," Su said.
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