Topic: china market
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Tesla and BYD Lose Ground with Chinese EV Buyers
Tesla's sales in China have declined for two consecutive months, with an 8.4% drop in July and a 4% year-on-year decrease in August, indicating growing challenges in a key market. BYD, Tesla's main rival in China, also saw a sharp 30% fall in quarterly profits due to government intervention endin...
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Nvidia Shatters Sales Records Amid Surging AI Boom
Nvidia reported record-breaking quarterly revenue of $46.7 billion, driven by a 56% surge in data center sales due to soaring AI infrastructure demand. The company's net income rose 59% to $26.4 billion, with the new Blackwell AI platform contributing significantly to data center revenue. Despite...
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Nvidia's $46.7B Q2 Triumph: Next Challenge Is Inference ASICs
Nvidia reported a record $46.7 billion in Q2 revenue, driven by a 56% surge in data center sales, highlighting its dominance in AI infrastructure. Despite Nvidia's strong position, competitors like Broadcom and tech giants such as Google and Meta are advancing with custom ASICs, aiming for cost e...
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