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NVIDIA STOCKS CLIMB AS CFO SAYS NEW CHIPS WILL SHIP IN 2024




Nvidia's stock climbed on Tuesday after the heavyweight chipmaker said its new flagship AI processor is expected to ship later this year and CEO Jensen Huang said he is chasing a data center market potentially greater than $250 billion. Nvidia's stock rose nearly 2% to $901. The shares had dipped nearly 4% earlier in the day. Huang estimated that companies operating data centers will spend more than $250 billion a year to upgrade them with accelerated computing components that Nvidia specializes in developing. He said that market was growing by as much as 25% a year.

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