Nvidia's profit soars to $12.3 billion in the recently ended quarter on record high revenue driven by demand for its chips to power artificial intelligence.
Nvidia reported a profit of $12.3 billion in the recently ended quarter, driven by high demand for its chips to power artificial intelligence. The company recorded a record revenue of $22.1 billion in the quarter and $60.
9 billion for the fiscal year. Nvidia CEO Jensen Huang stated that accelerated computing and generative AI have reached a tipping point.
Nvidia Profit AI Chips Artificial Intelligence Revenue
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