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Chipmaker’s quarterly earnings surpassed Wall Street’s expectations every quarter for multiple years now
Nvidia released its quarterly earnings on Wednesday, with the chipmaker revealing higher than expected revenues that buoyed its stock in after-hours trading, extending its yearslong streak of surpassing Wall Street’s sky-high expectations.
The company receives the vast majority of its revenue from its data center business, which has been buoyed by the tech industry’s immense investment into AI infrastructure. On Wednesday, Nvidia reported 75% year-over-year growth of its data center revenue to $62.3bn. The world’s most valuable publicly traded company, Nvidia has dominated the chip market as its processing units have become the backbone of the artificial intelligence boom.
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© Photograph: Patrick T Fallon/AFP via Getty Images

© Photograph: Patrick T Fallon/AFP via Getty Images

© Photograph: Patrick T Fallon/AFP via Getty Images
