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Nvidia Sales Surge as AI Boom Lifts Earnings

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The chip maker reported record sales in its latest quarter and projected that surging interest in artificial intelligence is continuing to propel its business faster than expected.

Updated Aug. 23, 2023 5:03 pm ETChip maker Nvidia broke into the exclusive club of companies that have a $1 trillion market cap. WSJ’s Asa Fitch breaks down how Nvidia got there—and why AI is fueling the company’s rapid growth.

Photo illustration: Annie Zhao
 

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