Nvidia's record revenue driven by AI demand, market growth

abc.net.au

Nvidia's record revenue hit $22.1 billion in the December quarter, up 265% from the previous year. Its market value reached $1.94 trillion, surpassing Australia's GDP. The company's success is driven by AI demand, with its share price soaring 16.4%. Analysts are optimistic about Nvidia's future, despite potential supply-chain and geopolitical challenges. The company's chips power AI applications for major tech firms. Nvidia's market growth is attributed to the AI boom.


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