Nvidia's Profit Jumps 80 Percent as Company Rides Tech's A.I. Boom
1. Nvidia's revenue surged 78% to $39.33 billion year-over-year. 2. Profit increased by 80% to $22.09 billion, exceeding analyst expectations. 3. Projected revenue for the current quarter is $43 billion, above previous predictions. 4. Major tech firms plan to invest $65 billion to $100 billion in AI infrastructure. 5. Concerns over a recent market value loss of $600 billion were addressed.