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https://www.wsj.com/business/earnings/nvidia-nvda-q3-earnings-report-2024-c5fed357

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

Chip maker’s revenue and profit rise sharply as company signals more to come

By

Updated Nov. 21, 2023 6:27 pm ET

Chip maker Nvidia broke into the exclusive club of companies that have a $1 trillion market cap. WSJ’s Asa Fitch breaks down how Nvidia got there—and why AI is fueling the company’s rapid growth. Photo illustration: Annie Zhao

Nvidia reported another quarter of record sales and gave a strong revenue outlook, pointing to red-hot demand for chips that underpin the artificial-intelligence boom.

Huge investments in AI by tech giants from Microsoft to Amazon.com and by other large corporations have helped propel Nvidia’s sales to unprecedented levels in recent quarters.

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