( ) -q-28- UNDATED (Correspondent Jeremy House) “the previous year.” Nvidia overshot Wall Street estimates as its quarterly profit skyrocketed. [CutID: <Cuts> NVIDIA-PROFIT-house-q-THUam.mp3 Time: 28s Title: NVIDIA-PROFIT-house-q-THUam Out-cue: the previous year] TAG: Correspondent Jeremy House reporting. Nvidia also announced a 10-for-1 stock split, a move that it noted will make its shares more accessible to […]
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Nvidia’s profit soars, underscoring its dominance in chips for artificial intelligence
( ) -q-28- UNDATED (Correspondent Jeremy House) “the previous year.”
Nvidia overshot Wall Street estimates as its quarterly profit skyrocketed.
[CutID: <Cuts> NVIDIA-PROFIT-house-q-THUam.mp3
Time: 28s
Title: NVIDIA-PROFIT-house-q-THUam
Out-cue: the previous year]
TAG: Correspondent Jeremy House reporting. Nvidia also announced a 10-for-1 stock split, a move that it noted will make its shares more accessible to employees and investors. The company, based in Santa Clara, California, carved out an early lead in the hardware and software needed to tailor its technology to AI applications.
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VERBATIM: The increase was bolstered by the chipmaking dominance that has made the company an icon of the artificial intelligence boom. Its net income rose more than sevenfold compared with a year earlier, jumping to $14.88 billion in the first quarter from $2.04 billion a year earlier. Revenue more than tripled in the quarter, rising to $26.04 billion from $7.19 billion in the previous year.