Market Alert: Strong Nuclear Tensions in South Asia Assessing the Fallout on Global Equity Markets
Nvidia Corporation has reported remarkable quarterly revenue growth, far surpassing Wall Street's expectations, despite concerns about the sustainability of the AI boom. In the three months ending July 2024, Nvidia's revenue more than doubled to US$30 billion, with a forecast of US$32.5 billion for the upcoming quarter. The company's profit also soared, more than doubling to US$16.6 billion. These impressive results highlight Nvidia's continued dominance in the AI chip market, even as some investors worry about the rapid pace of investment in the sector.
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