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

  • Nvidia reported quarterly revenue of $35.08bn, surpassing expectations of $33.15bn, with profits doubling year-over-year.
  • The company projected a 70% increase in revenue for the coming quarter.
  • Nvidia's CEO, Jensen Huang, highlighted the shift from coding to machine learning and the potential of generative AI.
  • Demand for Nvidia's Blackwell GPU chips remains strong, positioning the company as a major player in the AI industry.

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