Nvidia reported a strong quarter of revenue growth, with revenue nearly doubling to $35.1bn, driven by high demand for AI infrastructure. The company’s latest generation of chips, Blackwell, is exceeding sales expectations, despite concerns about overheating and supply chain constraints. Data centre revenue, fueled by companies like Microsoft and Google, saw a 112% increase, contributing to Nvidia’s market value of $3.6tn and its significant impact on the tech market.
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Inflation Is Ticking Upwards. Should Tesla Investors Be Worried?
Inflation has recently shown signs of rising again, with core inflation hitting 2.7% in June, exceeding the Federal Reserve's 2% target, which is impacting companies and consumers. Electric vehicle manufacturers, including Tesla (NASDAQ: TSLA), face challenges from tariffs and rising inflation, potentially affecting their stock if the trend continues. Want More Context? 🔎
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