Nvidia reports quarterly revenue, says new AI chips are on the way

NVIDIA has experienced significant financial growth, with a 15% increase from the previous quarter and a 122% rise in stock value over the past year. Despite a slight dip in stock price, NVIDIA exceeded earnings expectations with $0.68 per share and $30 billion in revenue. The company plans to ship next-generation Blackwell chips by the end of 2024, further solidifying its position as a leader in AI technology. NVIDIA's influence on the market is substantial, contributing to a $3 trillion valuation and impacting various AI tools like ChatGPT and Tesla's auto-driving features.

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