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Nvidia reported record revenue of $96.2 billion last quarter and expects to exceed $100 billion soon, reinforcing its dominance in AI chips and shaping AI adoption strategies in the MENA region.

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Nvidia on Track to Surpass $100 Billion Quarterly Revenue, Driven by AI Boom

Financial Overview

Nvidia announced record revenue of $96.2 billion in the last quarter, an increase of over $10 billion from the previous quarter. This growth is primarily driven by the data center segment, which generated $89 billion in revenue, more than double year-over-year. The company's profits also more than doubled to $59.7 billion.

FAQ

What is Nvidia's latest quarterly revenue?

Nvidia reported record revenue of $96.2 billion in the last quarter, with significant growth in data center segment.

How do these results impact the AI market in the Middle East?

They reinforce Nvidia's dominance in the chip market, prompting regional companies to align strategies with infrastructure availability and costs.

Does Nvidia expect continued growth?

Yes, the company forecasts revenue of $108 billion next quarter, driven by growing demand for AI solutions.

Source: The Verge AI

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