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Nvidia hits record revenues amid AI growth
Nvidia achieved a record revenue of $96.22 billion in the second quarter of its fiscal year, surpassing Wall Street's expectations of $92.17 billion. The company also reported earnings per share of $2.22, driven by strong growth in the artificial intelligence sector, which primarily depends on its chips. Despite the success, investor enthusiasm has waned due to rising memory costs and the global shortage of computer components, amid ongoing competition from companies like AMD and Google.
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