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Nvidia reported its much awaited earnings for the first quarter of fiscal year 2025 — and they didn’t disappoint. The chipmaker reported a record first-quarter revenue of $26 billion, up 262% from the previous year, and beating Wall Street’s expectations. While some analysts were worried of a pause in demand for the company’s powerful Hopper chips, Nvidia reassured investors demand for its Hopper and new Blackwell chips are outpacing supply — and there are even new chips on the way.
Read about this and other AI news from this week.