Nvidia reports stratospheric growth as AI boom shows no sign of stopping

Chipmaker reports strong demand and higher-than-expected revenue even as other companies spend to develop their own chips

Nvidia reported record quarterly revenue Wednesday on the back of the explosion in corporate appetite for artificial intelligence.

“The next industrial revolution has begun – companies and countries are partnering with Nvidia … to produce a new commodity: artificial intelligence,” said Jensen Huang, founder and CEO of Nvidia.

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