Nvidia's AI Chip Sales Surge Despite Tariff Uncertainty
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Nvidia's first-quarter revenue surged over 69%, exceeding expectations despite recent tariff uncertainty. Strong demand for its AI chips fueled the growth, easing concerns about the impact of tariffs recently blocked by a US court. CEO Jensen Huang anticipates accelerating demand for AI computing. The positive results boosted Nvidia's stock price and overall market sentiment, although the company did incur a $4.5 billion charge due to export restrictions.
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