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Nvidia third-quarter revenue up on strong data center demand

Source: Reuters

Nov 16 (Reuters) - Chip designer and computing firm Nvidia Corp (NVDA.O) beat expectations for third-quarter revenue on Wednesday, thanks to strong demand in its data center business on the back of rising cloud adoption.Data center revenue in the third quarter rose 31% from a year ago, while gaming revenue was down 51% from a year ago. Nvidia shares rose 1% in after-hours trading.Cloud companies are increasingly…

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Read the original source at Reuters