Nvidia Doubles Profit to $59.69B as AI Spending Fuels Record Quarter

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Nvidia reported a doubling of its quarterly profit to $59.69 billion, driven by surging demand for artificial intelligence infrastructure. The chipmaker's quarterly revenue also more than doubled, reaching $96.22 billion. Both figures surpassed analyst expectations on Wall Street. The results underscore how AI investment continues to fuel massive growth for Nvidia, which supplies the chips powering most large-scale AI systems.

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