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NVIDIA Smashes Estimates, Boosts Stock on AI Chip Demand

NVIDIA Smashes Estimates, Boosts Stock on AI Chip Demand
NVIDIA reported a record third-quarter revenue of $57 billion, surpassing Wall Street estimates and lifting market sentiment. The company saw a 62% year-over-year sales growth driven by soaring demand for AI chips powering data centers and generative AI applications. NVIDIA forecasted strong revenue for the next quarter, calming recent investor jitters about an AI bubble.

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