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Nvidia Soars as Tariff Threat Looms | Raleigh News
Nvidia’s Q2 revenue soared to $96.2 billion, a 106% jump from last year, driven by its data center business—which accounted for 92% of sales and brought in $89 billion. With a 75% gross margin and $2.46 per share earnings, the company is riding AI demand—but investors are now watching a potential Trump administration move to expand semiconductor tariffs, which could hit laptops, servers, and other chip-dependent products. While current tariffs have exemptions for U.S. data centers and startups, new proposals might eliminate those, raising hardware costs and threatening Nvidia’s momentum. The…
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