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Nvidia posts record profit and revenue amid AI chip boom
Key takeaways
- Chip giant announces $80bn stock buyback scheme and dividend hike in boon to shareholders.
- The US tech behemoth said on Wednesday that profit soared to $58.3bn for the February-April period, up 37 percent from the previous quarter and more than 200 percent year-on-year.
- Revenue jumped to $81.6bn, up 20 percent from the prior quarter and 85 percent compared with the same period in 2025.
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Chip giant announces $80bn stock buyback scheme and dividend hike in boon to shareholders.
xwhatsapp-strokecopylinkgoogle Add Al Jazeera on Googleinfo Nvidia's Groq 3 chips are displayed at the company's GTC conference in San Jose, California, the United States, on March 17, 2026 [Max A Cherney/Reuters]By John Power Published On 21 May 202621 May 2026Nvidia has announced record quarterly profit and revenue amid explosive demand for its advanced AI chips.
The US tech behemoth said on Wednesday that profit soared to $58.3bn for the February-April period, up 37 percent from the previous quarter and more than 200 percent year-on-year.
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