Nvidia doubles its sales, but investors have their eye on the future
2 billion in the most recent quarter, a 106 percent rise from a year ago, according to its earnings report on Wednesday.
The chipmaker is also increasing investments in other tech companies to help fund their AI infrastructure build-outs, spurring criticism of a circular financing strategy.
If Nvidia’s earnings are strong, the thinking goes, other leading tech firms will see sufficient future returns from AI to keep investing in its products — and investors can expect to keep seeing returns from the market.
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