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Nvidia shares climb 7% on strong earnings
NVIDIA reported strong revenue forecasts and record profits, leading to a 7% increase in its stock price to $225.40. The company anticipates a 70% revenue growth for fiscal year 2028, driven by sustained strong demand for semiconductor technology and artificial intelligence, despite supply chain constraints. It also announced its acquisition of the open software platform "Hogging Face" for $12.9 billion, aimed at expanding the reach of its systems and enhancing its software ecosystem.
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