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Bloomberg
Nvidia Corp’s second-quarter sales and profit topped analysts’ estimates, suggesting that a slump in orders may be easing amid a revival in demand for graphics chips.
Revenue in the quarter that ended in July was $2.58 billion, and profit excluding certain costs was $1.24 a share, the Santa Clara, California-based company said. Analysts, on average, had estimated adjusted earnings of $1.14 a share on sales of $2.54 billion.
After more than doubling revenue since 2016, Chief Executive Officer Jensen Huang is trying to steer Nvidia through challenges that have caused sales growth to stall.