Financial TimesFinancial Times

Nvidia’s AI boom exceeds Wall Street’s lofty hopes

By Richard Waters

23 Aug 2023 · 3 min read

Nvidia’s revenue more than doubled in the latest quarter on soaring demand for the chips needed to train the latest artificial intelligence models, outstripping even the heightened estimates that had spread on Wall Street in recent days.

The US chipmaker also projected a bigger leap than expected in revenue in its current quarter, confirming that it was overcoming supply constraints more quickly than anticipated.

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