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Story summary
- Nvidia reported revenue of $81.62 billion, an 85% increase that topped analysts’ $78.91 billion forecast.
- Net income rose to $58.32 billion, or $2.39 per share, exceeding the $1.75 per share consensus.
- CEO Jensen Huang said the AI factory build-out is accelerating at extraordinary speed.
- The company projected next-quarter revenue of about $91 billion, beating the $87.29 billion estimate.
- After hours, Nvidia shares fell to $222.12, leaving the firm with a $5.4 trillion market value.
