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Nvidia Stock Rises as Earnings Beat High Expectations

Nvidia Stock Rises as Earnings Beat High Expectations

Nvidia fulfilled the world’s high expectations with its April quarter results. “The next industrial revolution has begun,” CEO Jensen Huang said in the Wednesday earnings release. “Companies and countries are partnering with Nvidia to shift the trillion-dollar traditional data centers to accelerated computing and build a new type of data center—AI factories—to produce a new commodity: artificial intelligence.”