Nvidia revenue jumps 56% on robust AI demand

Nvidia reported a revenue of $46.7bn for the quarter ending July 28, reflecting a 56% year-on-year increase, and projected $54bn for the next quarter, excluding China sales. Despite a 3% drop in after-hours trading, the company highlighted robust demand for its AI chips, although uncertainties remain regarding the impact of U.S.-China trade policies on future sales.