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Nvidia shares pop on strong AI demand despite hit from China chip restrictions

Nvidia reported strong demand for its AI chips and solid first-quarter results on Wednesday, providing some relief to anxious investors who have come to see the world’s leading chip supplier as a bellwether for the overall tech industry.The Jensen Huang-led company reported earnings of 96 cents per share on sales of $44.06 billion for the quarter ending in April. Both numbers came in higher than Wall Street’s expectations, with revenue up 69% compared to one year ago. according to data compiled by LSEG.Howe ...