Nvidia’s Profit Hits $58.3 Billion as A.I. Boom Gathers More Steam
The chip maker said its profit in its most recent quarter jumped 211 percent from a year earlier thanks to extreme demand from other big technology companies.
The chip maker said its profit in its most recent quarter jumped 211 percent from a year earlier thanks to extreme demand from other big technology companies.
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The outlook let down investors who expect moonshot results from the chipmaker. But Nvidia announced a big boost to its dividend and $80 billion in stock buybacks.