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Volta Chips Drive Nvidia Record

SAN FRANCISCO – Shares of Nvidia hit a record on Friday, after it posted stellar quarterly results, powered by higher demand for graphics chips used in gaming and datacentres, and in the adoption of its new Volta chips for AI and driverless cars.

Shares of the chipmaker rose about 6 percent in morning trade on Friday, hitting a record of US$217.18.

Revenue from the datacentre business, Nvidia’s second-biggest revenue contributor, rose to $501 million, beating analysts’ estimate of $474.2 million,.

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