Aug 29, 2024 04:26 PM
BUSINESS
Nvidia’s Plunge Despite Big Earnings Ripples Through Asian Tech Stocks
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Jensen Huang, CEO of Nvidia, speaks during a press conference at Computex 2023 in Taipei on May 30, 2023. Photo: VCG
(Nikkei Asia) — U.S. chipmaker Nvidia Corp. reported another blockbuster earnings quarter on Wednesday, as tech companies around the world eagerly await its next generation Blackwell chips to further accelerate artificial intelligence (AI) development and deployment.
Meanwhile, sales in China also grew during the period despite Washington’s export restrictions on advanced AI chips.
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