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NVDA

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Nvidia on Wednesday reported fiscal third-quarter earnings that beat expectations, and provided a strong forecast for the current quarter.

Wall Street welcomed the report, and Nvidia stock rose after the release and during the conference call. Other stocks in the so-called artificial intelligence trade also saw a boost.

A closer look at Nvidia's report shows that it continues to dominate the market for AI chips called GPUs, and CEO Jensen Huang sounded confident in the company's products and bullish on the company's outlook during a call with analysts.

Nvidia said it expects about $65 billion in sales in the current quarter, which ends in late January. That would be 65% growth on an annual basi

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