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Nvidia manages sales beat despite China restrictions hanging over AI chip giant

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Revenue increased 69% from the same period last year to $44.1 billion , surpassing the Street’s projection of $43.3 billion .

Profits came in at $18.8 billion , though, falling from $22 billion last quarter and missing the $19.5 billion mark analysts expected.

New restrictions on China chip sales will continue to hit revenue going forward.

Shares jumped over 4% to hit the $ 140 mark in extended trading Wednesday evening .

For now, that means companies continue to jostle to be first in line for the latest and greatest of what Nvidia has to offer. This story was originally featured on Fortune.com .