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in Tech

Nvidia tops estimates and says sales will jump 170% this quarter, driven by demand for AI chips

by Editor August 23, 2023, 11:00 pm 1.8k Views

Nvidia founder, President and CEO Jen-Hsun Huang

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Nvidia shares climbed 6% in extended trading on Wednesday after the chipmaker beat estimates for the fiscal second quarter and issued optimistic guidance for the current period.

Earnings: $2.70 per share, adjusted, versus $2.09 per share expected by Refinitiv.
Revenue: $13.51 billion versus $11.22 billion expected by Refinitiv.

Nvidia said it expects fiscal third-quarter revenue of…

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