Nvidia's profit soars, underscoring its dominance in chips for artificial intelligence

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Nvidia's profit has significantly increased, showcasing its strong position in the artificial intelligence chip market. The company reported a substantial rise in net income and revenue, surpassing Wall Street expectations. CEO Jensen Huang highlighted the emergence of a new era in industrial revolution driven by AI technology.

The company's earnings per share exceeded analyst predictions, leading to a 10-for-1 stock split to enhance accessibility for employees and investors. Nvidia's stock price surged in after-hours trading, reflecting investor confidence in its growth potential. With a focus on AI applications, gaming, and automotive sectors, Nvidia has become a key player in the tech industry.

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