World’s most valuable company delights investors as it reports $35bn of revenue in quarterly results

The AI chipmaker Nvidia, the world’s most valuable company and the engine of the artificial-intelligence boom, rolled out another set of quarterly results on Wednesday to investors’ delight.

The company, whose value has soared by $2.2tn this year to $3.6tn on the back of near-doubling of chip sales, said it had revenue of $35.08bn, against expectations of $33.15bn. Its profits more than doubled year-over-year. Revenue surged 94% from the same quarter last year. The company projected that revenue would increase by 70% in the coming quarter.