Nvidia Stock Surges As AI Chip Demand Powers Q1 Earnings, Outlook Boost

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By Martin Baccardax Updated at 4:35 pm EST Nvidia Corp. (NVDA) – Get Free Report on Wednesday posted better-than-expected fiscal-first-quarter earnings and a robust near-term sales forecast amid what it called “surging demand” for its artificial-intelligence and data-center semiconductors. Adjusted earnings for the three months ended in April came in at $1.09 per share, down 20% from the year-earlier period but well ahead of the Wall Street consensus forecast of 92 cents. Group revenue, Nvidia said, fell 13% from a year earlier to $7.19 billion, but that figure topped analysts’ estimates of a …

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