Nvidia’s quarterly revenue doubles to nearly $100bn as CEO declares ‘golden age’

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Guardian Business

Nvidia’s quarterly revenue doubles to nearly $100bn as CEO declares ‘golden age’

The $5tn firm beat Wall Street expectations for yet another blockbuster quarter, though the stock made only modest gains Nvidia announced on Wednesday that its quarterly revenue had doubled in a year to nearly $100bn. Jensen Huang, the founder and CEO, jubilantly declared that demand is accelerating as the AI industry had reached a “golden age”. The chipmaker, the most valuable company in the world with a $5tn market…