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Core News Facts
Nvidia, a semiconductor giant, recently became the first company to reach a $5 trillion market valuation. In its second quarter, Nvidia’s revenue grew by 56% year-over-year, driven by increased demand for data centers to support artificial intelligence technologies.
Netflix announced a 10-for-1 stock split, highlighting its significant growth, with an average annual gain of 26% over the past decade. Additionally, Netflix reported a 17% increase in third-quarter revenue compared to the previous year. However, its current price-to-sales ratio of 10.9 is notably above the five-year average of 6.6.
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