Nvidia posted strong quarterly results, citing strong demand and plans to significantly increase supply.

<div class="block">Nvidia posted strong quarterly results, citing strong demand and plans to significantly increase supply.</div>

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Nvidia Offers Strong Outlook on A.I. Chip Demand

An artificial intelligence is another major topic that we've been following very, very closely. How is that factoring into some companies finances? Yes. So NVIDIA posted its latest quarterly results this afternoon and they were solid. So here's how the company did. Let's take a look. Duarte did top estimates in this latest quarter, also offered a better unexpected forecast earnings per share and revenue. As our viewers see exceeding expectations. The CEO cited surging demand as quarterly data set a revenue hit a record high while the company said it's significantly increasing its supply in order to meet that demand. And NVIDIA is a leader in the A I chip sector. So its benefit from a soaring popularity as more companies look to get into the space. Well, the company, other divisions like gaming and automotive also reported growth, but it's A I chip business taking the spotlight and certainly does bode well, I think for the A I narrative Duarte that we know our viewers are so interested in that. So, so very true.