Chipmaker Nvidia Beats Q2 Expectations With Record Revenue

Chipmaker Nvidia Beats Q2 Expectations With Record Revenue
The Nvidia office building in Santa Clara, Calif., on May 31, 2023. Jeff Chiu/AP Photo
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Computer chipmaker Nvidia blew past expectations with its quarterly revenue forecast on Aug. 23 as an artificial intelligence (AI) boom fueled demand for its technology.

Nvidia’s revenue for its fiscal second quarter doubled from the same time last year to $13.5 billion, raking in a profit of $6.2 billion.