Nvidia’s Blowout Quarter and Upbeat Outlook Send Shares Higher

Nvidia posts record $96.2B quarterly sales and signals accelerating AI demand.

· Source: wsj.com

Summary

Nvidia delivered record revenue of $96.2 billion with an upbeat forward guidance, citing accelerating demand for AI chips. The earnings result and positive outlook reassured market participants worried about a potential slowdown in AI capex cycles. This is a significant positive print for a mega-cap heavyweight that influences both the Nasdaq and broader 'Magnificent Seven' narrative.

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