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

Chip maker Nvidia said sales reached a record in its latest quarter and gave a positive outlook, suggesting investments in artificial intelligence continue to be strong.

Sales more than tripled to $18.1 billion in Nvidia’s latest fiscal quarter, above Wall Street forecasts in a survey of analysts by FactSet. Profit for the company, whose semiconductors underpin the AI boom, also shot up to $9.2 billion from $680 million a year earlier, above estimates.

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