Nvidia on Wednesday reported earnings that topped market expectations, with a $4.5-billion hit from US export controls being less than the Silicon Valley chip juggernaut had feared.

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Record earnings underscore Nvidia’s dominance in A.I., even as U.S. export bans cut it off from the lucrative Chinese market.

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For comparison, analysts polled by LSEG were expecting $43.31 billion for the quarter. Non-GAPP diluted earnings per share were $0.81.