Nvidia more than triples revenue as AI becomes the 'new commodity'

China is a 'more competitive' market going forward due to export restrictions, says Jensen Huang

20240522N Nvidia earnings

Nvidia projects further revenue growth as demand for artificial intelligence skyrockets. © Reuters

YIFAN YU, Nikkei staff writer

PALO ALTO, California -- U.S. chipmaker Nvidia reported another blockbuster earnings quarter on Wednesday, announcing a 10-for-1 forward stock split as surging AI demand pushed its share price up after markets closed.

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