Nvidia, Powered by A.I. Boom, Reports Soaring Revenue and Profits

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Summary

● Nvidia reported soaring revenue and profits, continuing to dominate the A.I. boom.
● Revenue was $26 billion for the three months ending in April, with a projected revenue of $28 billion for the current quarter.
● Nvidia’s H100 processor, adapted for A.I. tasks, has high demand and is being used in various applications, such as powering chatbots and autonomous driving models.
● The company will soon launch Blackwell, a successor to the H100, with strong demand expected.
● Nvidia remains ahead of competitors with its GPUs being offered by all major cloud services, ensuring customer flexibility.

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