Shares of Nvidia (NASDAQ: NVDA) jumped 8% to a record closing high of $316.75 on Thursday after the chipmaker announced blockbuster sales and profits. Nvidia's revenue rocketed 50% year over year to $7.1 billion in its fiscal 2022 third quarter. CEO Jensen Huang said the company's data center business is benefiting from the growth of the cloud-computing market, as well as "broadening adoption" of its artificial intelligence technology "by more than 25,000 companies." Read More...
Shares of Nvidia (NASDAQ: NVDA) jumped 8% to a record closing high of $316.75 on Thursday after the chipmaker announced blockbuster sales and profits. Nvidia’s revenue rocketed 50% year over year to $7.1 billion in its fiscal 2022 third quarter. CEO Jensen Huang said the company’s data center business is benefiting from the growth of the cloud-computing market, as well as “broadening adoption” of its artificial intelligence technology “by more than 25,000 companies.”
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