Nvidia Reports Record Revenue Amid AI Demand Surge
Nvidia has reported a remarkable quarterly revenue of $96 billion, reflecting a 106% year-over-year growth, driven by soaring demand for AI technology. The company forecasts a 70% increase in sales for the next year and anticipates exceeding $100 billion in revenue for the upcoming quarter. This strong performance underscores Nvidia's pivotal role in the AI sector, as it continues to support AI companies and expand its data center division.
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Shares rallied as the chip giant forecast 70% revenue growth next year and defended its financial support of AI companies.