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00:02NVIDIA reported record quarterly sales of $81.6 billion for the April quarter,
00:08up 85% from a year earlier and above analyst expectations of $78.9 billion,
00:15according to The Wall Street Journal. Net income reached $58.3 billion,
00:20more than three times the year earlier result, and well above the $42.9 billion analysts had
00:26forecast. Growth was driven by the data center segment, with networking hardware sales tripling
00:32to a record $14.8 billion. Gross margins came in at 75%, matching guidance and analyst expectations.
00:41NVIDIA guided for $91 billion in sales next quarter at 75% gross margins. The company said
00:48it is not projecting any revenue from data center chip sales in China for the current quarter.
00:54NVIDIA's stock is up nearly 20% this year, giving it a market value of nearly $5.5 trillion.
01:00For all things money, visit Benzinga.com.
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