Nvidia profits soar on demand for AI power
ETtech.com -

Nvidia said Wednesday its quarterly net profit rocketed by seven times year-on-year on demand for its chips to power artificial intelligence in data centers.The California-based company reported a net profit of $14.9 billion, while its revenue of $26 billion was almost four times what it took in during the same fiscal quarter last year.Nvidia also announced a 10-for-one stock split effective June 7 to make owning shares more accessible. Nvidia shares were up nearly six percent to $1,003.50 in...

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