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Nvidia’s AI Bet Pays Off Big | Durham News
Nvidia just shattered records with $96 billion in Q1 revenue—more than double last year—and AI is finally paying off big time. Almost $90 billion came from data centers fueling the AI boom, while Bank of America highlights Nvidia’s bold move: pouring hundreds of billions into building the entire AI ecosystem, including a $30 billion bet on OpenAI. Critics see risk, but BofA says Nvidia’s cash flow is bulletproof and could soon generate nearly $1 billion daily in free cash—enough to massively boost buybacks like Apple did. With AWS doubling down and global AI spending set to hit trillions…
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