Nvidia posted $96.2 billion in quarterly revenue, a 106% year-over-year jump, beating analyst expectations by roughly $4 billion. The chipmaker projected approximately $108 billion in revenue for the current quarter, above the Street’s consensus of $104 billion. Data-center revenue now accounts for roughly 94% of total sales, with a 117% year-over-year increase. Two customers accounted for 36% of sales, while Nvidia arranged $500 billion in AI infrastructure financing with major US banks. These factors caused the stock to decline 7.5% over seven trading sessions.
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