"Nvidia's Sales Skyrocket and Stock Soars on Record Earnings and AI Chip Success"

Nvidia, the artificial intelligence chip giant, has reported record sales of over $13.5 billion for the three months ending in June, more than doubling its revenue. The company expects sales to continue soaring in the current quarter and plans to buy back $25 billion of its stock. The strong performance was driven by Nvidia's data center business, with revenue surpassing $10.3 billion, a rise of over 170% from the previous year, as demand for its AI chips surged. Nvidia's shares rose by over 6.5% in extended trading, and the company expects revenue of around $16 billion for the three months ending in September.