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Nvidia shares rise after record earnings
Nvidia announced record-breaking results that exceeded expectations, leading to a more than 7% rise in its stock price before the market opened, amid increasing demand for artificial intelligence technologies. The company forecasted a 70% growth in its revenues for the 2028 fiscal year, with the CEO confirming that demand for its products is higher than anticipated, despite supply chain constraints for chips that pose challenges to rapid growth. The company also indicated an expanding customer base across various industries and projected significant growth in the AI market, along with efforts to acquire open-source platforms to strengthen its presence in software and modeling.
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