Nvidia profit quadruples
Nvidia Corp., the world’s largest graphics-chip maker, said that its quarterly profit quadrupled as it pared back costs and sold more chips and hardware than its rivals.
Shares in Nvidia jumped more than 8 percent after the Santa Clara, California-based company reported a net profit of $25.9 million, or 15 cents per share, in the fiscal third quarter ending Oct., compared with a year-earlier profit of $6.4 million, or 4 cents per share.
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