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The rising demand for AI helped NVIDIA earn billions in the 2024 fiscal year. Following a recent financial report, NVIDIA's stock skyrocketed and set a Wall Street record.
Nvidia reported $22.1 billion in revenue today for its fourth fiscal quarter of fiscal 2024 (ending January 31, 2023), easily topping Wall Street’s expectations.
In fiscal Q4, the tech giant continued to experience skyrocketing demand for its products that enable artificial intelligence (AI) capabilities.
Nvidia on Wednesday said its profit soared to $12.3 billion in the recently ended quarter on record high revenue driven by demand for its chips to power artificial intelligence.
Nvidia extended its lead in the AI hardware market with record revenues in its last fiscal...