Nvidia’s Sales Surge, With No End In Sight for AI Boom

Nov. 21, 2023 4:44 pm ET

Chip maker Nvidia stated gross sales reached a report in its newest quarter and gave a constructive outlook, suggesting investments in synthetic intelligence proceed to be robust.

Sales greater than tripled to $18.1 billion in Nvidia’s newest fiscal quarter, above Wall Street forecasts in a survey of analysts by FactSet. Profit for the corporate, whose semiconductors underpin the AI increase, additionally shot as much as $9.2 billion from $680 million a 12 months earlier, above estimates.

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