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NVIDIA has unveiled its financial report for the first quarter of fiscal year 2026, reporting a revenue of $44.1 billion, marking a 69% year-over-year increase and surpassing market forecasts. CEO Jen-Hsun Huang emphasized that despite the US chip export controls, China's AI industry remains poised for continued growth. The crucial factor, he noted, lies in whether the world's largest AI market will operate on US-based platforms. While local Chinese companies are actively filling the market void, Huang remains confident that NVIDIA can achieve success in the Chinese market if granted access. The robust financial performance is largely attributed to the mass production of Blackwell architecture chips and the persistent surge in global demand for AI computing power.
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