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Nvidia's profit surged 126% in the second quarter, to $59.7 billion, signaling that demand for chips remains high

Nvidia reported profit of $59.68 billion in the second quarter, growth of 126% compared to the same period last year, with revenue rising 106% to $96.2 billion. The company projected revenue of $108 billion for the next quarter. CEO Jensen Huang declared that artificial intelligence has reached its inflection point, turning computational capacity directly into revenue. Nvidia, the world's largest company by market value, is a leading supplier of AI accelerators.

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