Nvidia posts record profit of $58.3bn amid AI chip boom | Technology
• Nvidia reported a record-breaking profit of $58.3 billion, driven by the ongoing global surge in demand for AI chips. • To reward shareholders, the company announced a dividend increase and a massive $80 billion stock buyback program. • Portfolio manager John Belton of Gabelli Funds described the results as "solid," noting that they align with previous strong quarters without introducing major new developments.
aljazeera.com