The Santa Clara based company posted year-over-year sales growth of 101% in the second quarter. Revenue went from $6.7 billion in the second quarter last year to $13.5 billion this year.
This is the second time in a row that Nvidia’s quarterly earnings have blown past expectations. Its success is beginning to provide assurances that the AI gold rush is not just a flash in the pan.
into a bull market, even as the Federal Reserve has continued to hike interest rates in its battle against inflation.
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