Nvidia's plunge despite big earnings ripples through Asian tech stocks

Chinese market will remain tough due to U.S. export controls, chip designer warns

20240828N Nvidia

For the three months ended July, Nvidia reported a record revenue of $30 billion, up 122% on the year. © Reuters

YIFAN YU, Nikkei staff writer

PALO ALTO, California -- U.S. chipmaker Nvidia reported another blockbuster earnings quarter on Wednesday, as tech companies around the world eagerly await its next generation Blackwell chips to further accelerate artificial intelligence development and deployment.

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