New York CNN —
Nvidia exceeded Wall Street’s expectations as it closed out 2024, achieving stunning sales and profit growth — and much of Silicon Valley is likely breathing a sigh of relief at what the results say about the artificial intelligence industry.
The chipmaking giant’s shares dipped just over 1% in after-hours trading Wednesday, immediately after the company released its earnings report for the quarter ended in January and its full 2025 fiscal year. However, shares quickly turned positive, gaining 2.7% within half an hour of the report’s release.
Nvidia raked in $39.3 billion
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