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22.11.2024 09:35:00

Jensen Huang Just Delivered Fantastic News for Nvidia Investors

Nvidia (NASDAQ: NVDA) is one of the most-watched companies on the planet right now, thanks to its dominance in the hot growth area of artificial intelligence (AI). The tech giant holds an 80% share of the AI chip market, and this has translated into triple-digit revenue growth for its data center business quarter after quarter. That's why all eyes were on Nvidia this week when the company reported fiscal 2025 third-quarter figures.This market powerhouse once again surpassed analysts' estimates for revenue and earnings per share, delivered record revenue, and maintained gross margin of more than 74%. Importantly, Nvidia also was optimistic about the future, predicting a 70% increase in fourth-quarter revenue year over year. But what really stood out were words from chief executive officer Jensen Huang. In fact, he delivered fantastic news for Nvidia investors.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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