Semiconductor giant Nvidia beat forecasts for both revenue and profit in the third quarter.
Revenue amounted to $35.1 billion, equivalent to 3,871 billion kronor. This can be compared to the forecast of $33.2 billion according to the analysis firm LSEG.
Earnings per share were 81 cents, compared to the expected 75 cents.
Nvidia, which manufactures processors for artificial intelligence and graphics cards, is the world's highest-valued company: $3,600 billion, or approximately 40,000 billion kronor. This corresponds to roughly three times the total value of the Stockholm Stock Exchange.
The increasing demand for Nvidia's products worldwide has led to a price increase of 850 percent since the AI boom took off two years ago. Just since the turn of the year, the share has risen by more than 200 percent.
