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"Nvidia exceeds expectations in the first quarter"
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"Nvidia announced its first-quarter earnings report, which exceeded expectations due to a smaller-than-expected impact of US export restrictions to China. The company reported a revenue of $44.1 billion, a 69% increase from last year, and a net income of $18.8 billion, a 26% increase. The stock price rose over 5% in after-hours trading. The company's data center business, its main activity, was slightly below expectations."
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"content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpq0vdldmxykr07ccxfn54mqpyjm65drvkupjyt8wp9xr3hu4h5jr9qur6mg3\nhttps://cdn.jornaldebrasilia.com.br/wp-content/uploads/2022/09/20172507/nvidia-1536x864-1.jpg\nNvidia, the American giant of semiconductors, exceeded expectations by announcing its first-quarter financial results, mainly due to a smaller-than-expected impact of US export restrictions on its chips to China. The restrictions, which were lifted in mid-May by the Trump administration, forced the California-based group to assume an exceptional charge of $4.5 billion (R$ 26 billion), below the expected $5.5 billion. The news was well-received by the market, and the company's stock rose more than 5% in after-hours trading. The company's revenue from graphics processing units (GPUs) was $44.1 billion (R$ 251 billion) for the quarter ended April 30, a 69% increase from a year ago, exceeding analyst projections. Meanwhile, revenue from data centers, Nvidia's main activity, was slightly below expectations. The net income was $18.8 billion (R$ 107 billion), a 26% increase, and the adjusted earnings per share were $0.96 (R$ 5.5), better than the $0.89 consensus established by FactSet.\nhttps://jornaldebrasilia.com.br/noticias/economia/nvidia-supera-expectativas-no-primeiro-trimestre/",
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