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Nvidia reported a 56% increase in revenue, reaching $46.7 billion, driven by its AI-dominated data center business. The company’s net income also spiked by 59% to $26.4 billion. With $41.1 billion in data center sales, Nvidia’s advanced Blackwell chips accounted for $27 billion of those sales. CEO Jensen Huang emphasized the importance of Blackwell in the AI industry. Despite challenges in the Chinese market, Nvidia anticipates $3 to 4 trillion in AI infrastructure spending by the end of the decade. The company expects $54 billion in revenue in the upcoming quarter.
