Nvidia Stock Soars Past $500 After Chipmaker Demolishes Q2 Estimates On AI-Fueled Record Data Center Revenue

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Nvidia Corp. (NASDAQ:NVDA) did not disappoint investors Wednesday with second-quarter earnings that are well ahead of expectations thanks to the strong momentum imparted by its positioning in hot-and-happening artificial intelligence technology. Reflecting the strength, Data Center revenue rose to a record and accounted for roughly two-thirds of the total. The company issued third-quarter revenue guidance of $16 billion, more than $3 billion above what the Street was expecting. After settling Wednesday’s regular session 3.17% higher at $471.16, the stock is running 8.04% higher to $509.06 in t…

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