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International Business Times
International Business Times
Business

Nvidia Earnings Beat Expectations Despite US Export Controls

Nvidia chief executive Jensen Huang says new Blackwell technology he describes as a 'thinking machine' is in full production (Credit: AFP)

Nvidia on Wednesday reported earnings that topped market expectations, with a $4.5 billion hit from US export controls being less than the Silicon Valley chip juggernaut had feared.

Nvidia said it made a profit of $18.8 billion on revenue of $44.1 billion, causing shares to rise nearly four percent in after-market trades.

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