(CNBC) Nvidia’s overall sales grew 171% on an annual basis to $13.51 billion in its second fiscal quarter, which ended July 30, the company announced Wednesday. Not only is it selling a bunch of AI chips, but they’re more profitable, too: The company’s gross margin expanded over 25 percentage points versus the same quarter last year to 71.2% — incredible for a physical product.
Nvidia’s blowout earnings report shows chipmaker is gobbling up all the profit in AI
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