AI chip giant Nvidia shares fall despite record sales

By 2024-08-29Science & Tech

Shares in Nvidia have fallen despite the artificial intelligence (AI) chip giant comfortably beating expectations after more than doubling its sales.

Nvidia announced record revenues of $30bn (£24.7bn) over a three-month period.

The company has been one of the biggest beneficiaries of the AI boom, with its stock market value soaring to more than $3 trillion.

But while analysts have grown used to Nvidia producing “spectacular” sales growth ... Read even more

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