Nvidia earnings: AI chip leader shows no signs of stopping mammoth growth

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The story "Nvidia earnings: AI chip leader shows no signs of stopping mammoth growth" was covered 1 days ago by The Guardian, a news publisher based in United Kingdom.

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The Guardian 1d ago

Nvidia earnings: AI chip leader shows no signs of stopping mammoth growth - The Guardian

Quick Summary:

World’s most valuable company delights investors as it reports $35bn of revenue in quarterly resultsThe AI chipmaker Nvidia, the world’s most valuable company and the engine of the artificial-intelligence boom, rolled out another set of quarterly results on Wednesday to investors’ delight.

The company, whose value has soared by $2.2tn this year to $3.6tn on the back of near-doubling of chip sales, said it had revenue of $35.08bn, against expectations of $33.15bn.

Revenue surged 94% from the same quarter last year.