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Barchart
Barchart
Amit Singh

Why Nvidia Stock Could Keep Climbing Despite the China Setback

Nvidia (NVDA) just wrapped up another blockbuster quarter, reflecting strong demand for its AI-focused chips even as the company faces fresh challenges in China.

For the first quarter, Nvidia reported $44.1 billion in revenue, a staggering 69% year-over-year jump and 12% sequential growth. The company’s data center segment continues to witness massive growth. The business reported revenue of $39.1 billion, up 73% from the same period last year. This surge reflects solid demand for Nvidia’s artificial intelligence (AI) infrastructure.

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