Nvidia, the chipmaker, exceeded expectations for the second quarter and provided positive guidance for the current period. The company expects third-quarter revenue of around $16 billion, a 170% increase compared to the previous year. Net income also jumped significantly. Nvidia's A100 and H100 AI chips have become vital in building and running AI applications, contributing to its strong sales performance. Despite proposed export restrictions on chips, the company does not anticipate an immediate material impact on its financial results. Nvidia's stock price has more than tripled this year and reached a record high.

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