Nvidia is ‘printing money’: Now more valuable than Mark Zuckerberg's Meta
10 months ago

Nvidia is ‘printing money’: Now more valuable than Mark Zuckerberg's Meta

Hindustan Times  

Nvidia surge to an all-time high marks the biggest single-session increase in market value in history. Nvidia Chief Executive Officer Jensen Huang said in the statement, “Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations.” Stacy Rasgon an analyst at Sanford C. Bernstein said, “The company is printing money at this point. Nvidia shares surged after the Santa Clara, California company reported quarter results that fortified its place in artificial intelligence technologies. Morgan Stanley analyst Joseph Moore said, “We had never seen $2 billion of upside to quarterly revenue guidance until Nvidia did it a few quarters ago, but it has become routine during the AI surge.

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History of this topic

Nvidia’s stock dips after China opens probe of the AI chip company for violating anti-monopoly laws
2 weeks ago

Nvidia’s stock dips after China opens probe of the AI chip company for violating anti-monopoly laws

The Hindu  

Shares of Nvidia fell Monday after China said it is investigating the high-flying U.S. microchip company over suspected violations of Chinese anti-monopoly laws. A spokesperson for the company based in Santa Clara, California, said in an emailed statement that Nvidia is “happy to answer any questions regulators may have about our business.” In its most recent earnings release, Nvidia posted …

Nvidia’s stock dips after China opens probe of the AI chip company for violating anti-monopoly laws
2 weeks, 1 day ago

Nvidia’s stock dips after China opens probe of the AI chip company for violating anti-monopoly laws

Associated Press  

Shares of Nvidia fell Monday after China said it is investigating the high-flying U.S. microchip company over suspected violations of Chinese anti-monopoly laws. In a brief news release with few details, Chinese regulators appear to be focusing on Nvidia’s $6.9 billion acquisition of network and data transmission company Mellanox in 2019. China’s antitrust investigation follows a report this summer by …

Nvidia Says New Chip Remains on Track, Helping Soothe Investors
1 month ago

Nvidia Says New Chip Remains on Track, Helping Soothe Investors

Live Mint  

-- Nvidia Corp. assured investors that its new product lineup will continue to fuel an artificial intelligence-driven growth run, while also signaling that the rush to get chips out the door is proving costlier than expected. Speaking after the release of quarterly results, Chief Executive Officer Jensen Huang said that Nvidia’s highly anticipated Blackwell products will ship this quarter amid …

Nvidia’s coming year will be a turbulent one
Trending News
1 month ago

Nvidia’s coming year will be a turbulent one

Live Mint  

One problem with being on top is there is often nowhere to go but down. The chip maker’s fiscal third-quarter report Wednesday afternoon showed annual sales crossing the $100 billion mark for the first time ever—more than double what it was generating a year ago. But the stock still slipped about 2% in after-hours trading since the projection beat Wall …

Nvidia Q3 Results: Stock declines even as revenue nearly doubles; guidance fails to meet expectations
1 month ago

Nvidia Q3 Results: Stock declines even as revenue nearly doubles; guidance fails to meet expectations

Live Mint  

Nvidia Q3 Results: Nvidia delivered blockbuster third-quarter results on Wednesday, with revenue nearly doubling amid unrelenting demand for its artificial intelligence chips. The company posted revenue of $35.08 billion for the quarter ending October 27, a staggering 94 per cent increase from $18.12 billion in the same period last year. “The guidance seems to show lower growth, but this may …

Nvidia Says New Chip Remains on Track After Forecast Disappoints
Trending News
1 month ago

Nvidia Says New Chip Remains on Track After Forecast Disappoints

Live Mint  

-- Nvidia Corp. assured investors that its new product lineup can maintain the company’s AI-fueled growth run, though the rush to get the chips out the door is proving more costly than expected. Speaking after the release of quarterly results, Chief Executive Officer Jensen Huang said that Nvidia’s highly anticipated Blackwell products will ship this quarter amid “very strong” demand. …

Nvidia is Wall Street’s most valuable company. How it got there, by the numbers
1 month ago

Nvidia is Wall Street’s most valuable company. How it got there, by the numbers

Associated Press  

Nvidia has once again turned out quarterly results that exceeded Wall Street’s forecasts. $30.8 billion Nvidia’s revenue from its data center business for the quarter ended Oct. 31, up 112% from a year ago. $37.5 billion Nvidia’s estimate for overall revenue in the fourth quarter, “plus or minus 2%.” That translates to a range of $36.8 billion to $38.3 billion, …

Nvidia beats earnings expectations as investors eye demand for Blackwell AI chips
1 month ago

Nvidia beats earnings expectations as investors eye demand for Blackwell AI chips

Associated Press  

LOS ANGELES — Nvidia on Wednesday reported a surge in third-quarter profit and sales as demand for its specialized computer chips that power artificial intelligence systems remains robust. Analysts’ were eyeing Nvidia’s guidance on its Blackwell graphics processor unit, a next-generation artificial intelligence chip that’s seen demand from companies like OpenAI and others building AI data centers. Nvidia has led …

Nvidia Q3 results preview: Wall Street traders brace for $300 billion swing in market value, stock up 200% YTD
1 month ago

Nvidia Q3 results preview: Wall Street traders brace for $300 billion swing in market value, stock up 200% YTD

Live Mint  

Nvidia Q3 Results Today: Artificial intelligence chipmaking giant Nvidia Corp will announce its third-quarter earnings results today amid a broader drag in Wall Street's frontline indices. Nvidia’s stock has rallied nearly 200 per cent so far in 2024 and its reports have been the biggest event on the earnings calendar for more than a year. Nvidia Q3 Results Preview Wall …

Nvidia beats earnings expectations as investors eye demand for Blackwell AI chips
1 month ago

Nvidia beats earnings expectations as investors eye demand for Blackwell AI chips

LA Times  

Nvidia on Wednesday reported a surge in third-quarter profit and sales as demand for its specialized computer chips that power artificial intelligence systems remains robust. Analysts were eyeing Nvidia’s guidance on its Blackwell graphics processor unit, a next-generation artificial intelligence chip that has seen demand from companies such as OpenAI and others building AI data centers. On an earnings call …

NVIDIA stock rallies to record high as Trump’s re-election causes frenzy in AI, chip sector
1 month, 2 weeks ago

NVIDIA stock rallies to record high as Trump’s re-election causes frenzy in AI, chip sector

Firstpost  

The buzz around NVIDIA isn’t just politics. The company has become a major player in the US stock market’s tech rally, driven by a fierce competition among Microsoft, Alphabet, and others in the race to dominate artificial intelligence The AI chip giant saw its stock jump by 2.2 per cent, a bump that propelled NVIDIA's market capitalisation to $3.65 trillion, …

Nvidia surpasses $3.6 trillion market value after Trump win
1 month, 2 weeks ago

Nvidia surpasses $3.6 trillion market value after Trump win

The Hindu  

Shares of Nvidia rallied to a record high on Thursday, making the chipmaker the first company in history to surpass a stock market value of $3.6 trillion as Wall Street extended a rally sparked by Donald Trump's return to the White House. Nvidia's stock market value ended the day at $3.65 trillion, beating Apple's record closing market capitalisation of $3.57 …

Nvidia Soars Past Apple to Become World's Most Valuable Company
1 month, 4 weeks ago

Nvidia Soars Past Apple to Become World's Most Valuable Company

Deccan Chronicle  

Nvidia surpasses Apple as the world's most valuable company, with its stock market value exceeding Apple's by a small margin. This surge in Nvidia's stock is attributed to insatiable demand for its specialized AI chips, boosting the company's market value to a record high. Meanwhile, Apple's stock remains stable, with its market value slightly higher than Nvidia's but still significantly …

Nvidia Soars Past Apple to Become World's Most Valuable Company
Trending News
1 month, 4 weeks ago

Nvidia Soars Past Apple to Become World's Most Valuable Company

Firstpost  

Nvidia surpasses Apple to become the world's most valuable company, with its market cap reaching $3.53 trillion. This surge in stock value is driven by insatiable demand for Nvidia's AI chips, which have become essential for various AI applications. Despite Apple's strong presence in the tech industry, Nvidia's dominance in the AI chip market has solidified its position as the …

Tech bubble fears spark $160bn Nvidia slump
2 months, 1 week ago

Tech bubble fears spark $160bn Nvidia slump

The Telegraph  

Hundreds of billions of dollars have been wiped from the stocks of global chipmakers after a key supplier to the industry warned of a slow recovery in the market, despite booming demand for artificial intelligence technology. Shares in Dutch technology business ASML, which manufactures advanced lithography machines used by the world’s chipmakers, plunged by 15pc after it published its results …

Nvidia suffers record $279 billion loss in market value as Wall Street drops
3 months, 2 weeks ago

Nvidia suffers record $279 billion loss in market value as Wall Street drops

The Hindu  

Shares of AI heavyweight Nvidia tumbled 9.5% on Tuesday in the deepest ever single-day decline in market value for a U.S. company, as investors softened their optimism about artificial intelligence in a broad market selloff following tepid economic data. Nvidia lost $279 billion in market capitalisation, a major indication that investors are becoming more cautious about emerging AI technology that …

Nvidia share price falls despite strong earnings results
3 months, 3 weeks ago

Nvidia share price falls despite strong earnings results

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Nvidia’s share price has fallen …

Nvidia can’t escape shadow of AI spending fears
3 months, 3 weeks ago

Nvidia can’t escape shadow of AI spending fears

Live Mint  

Nvidia has made life at the top look easy. Nvidia’s overall top and bottom lines beat Wall Street’s targets, as did the company’s forecast for the current period ending in October. Nvidia’s projected revenue of $32.5 billion for the current quarter ending in October was 2% ahead of Wall Street’s targets; the company’s projection for the same period last year …

Nvidia is Wall Street’s 2nd-most valuable company. How it keeps beating expectations, by the numbers
3 months, 3 weeks ago

Nvidia is Wall Street’s 2nd-most valuable company. How it keeps beating expectations, by the numbers

Associated Press  

Nvidia has once again turned out quarterly results that easily exceeded Wall Street’s forecast s. The company has seen soaring demand for its semiconductors, which are used to power artificial intelligence applications. $26.3 billion Nvidia’s revenue from its data center business for the quarter ended July 31, up 154% from a year ago. $32.5 billion Nvidia’s estimate for overall revenue …

Nvidia is Wall Street's 2nd-most valuable company. How it keeps beating expectations, by the numbers
3 months, 3 weeks ago

Nvidia is Wall Street's 2nd-most valuable company. How it keeps beating expectations, by the numbers

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Nvidia reports record quarterly revenue as AI chip demand continues
3 months, 3 weeks ago

Nvidia reports record quarterly revenue as AI chip demand continues

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy US computer chip giant Nvidia …

Nvidia results could spur record $300 billion swing in shares, options show
3 months, 3 weeks ago

Nvidia results could spur record $300 billion swing in shares, options show

The Hindu  

Traders in the U.S. equity options market are expecting Nvidia's upcoming earnings report to spark a more than $300 billion swing in the shares of the world's most dominant artificial intelligence chipmaker. Options pricing shows that traders anticipate a move of around 9.8% in the company’s shares on Thursday, a day after it reports earnings, data from analytics firm ORATS …

All eyes are on Nvidia as it prepares to report its earnings. Here's what to expect
3 months, 3 weeks ago

All eyes are on Nvidia as it prepares to report its earnings. Here's what to expect

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

Chipmaker Nvidia will report quarterly earnings and the data will be closely watched
3 months, 3 weeks ago

Chipmaker Nvidia will report quarterly earnings and the data will be closely watched

NPR  

Chipmaker Nvidia will report quarterly earnings and the data will be closely watched The chip company Nvidia is the darling of the AI boom. Microsoft, Google, Facebook, Amazon and others are spending billions of dollars on AI, and they've said they expect to spend billions more, which is why analysts like Matt Bryson are so excited about Nvidia. He's an …

Tech bubble fears grow as Nvidia shares slump
3 months, 3 weeks ago

Tech bubble fears grow as Nvidia shares slump

The Telegraph  

Nvidia’s stock dropped sharply last night despite the chipmaker more than doubling sales to a record $30bn in a reaction that will fuel fears of a tech bubble. Jensen Huang, founder and chief executive of the company, said on Wednesday night: “Nvidia achieved record revenues as global data centers are in full throttle to modernize the entire computing stack with …

Nvidia reports big earnings, but still falls flat in the eyes of investors
3 months, 3 weeks ago

Nvidia reports big earnings, but still falls flat in the eyes of investors

NPR  

Nvidia reports big earnings, but still falls flat in the eyes of investors The chip company Nvidia is powering the artificial intelligence boom, and its stock has become the darling of Wall Street. The chip company Nvidia reported blockbuster earnings this afternoon, but that big win fell flat. And if you look at Nvidia sales, it's still kind of a …

Wall Street’s next big test is looming with Nvidia’s profit report
4 months ago

Wall Street’s next big test is looming with Nvidia’s profit report

Associated Press  

NEW YORK — How much hype is left in Nvidia’s stock? Nvidia has ridden Wall Street’s mania around artificial intelligence to become one of the stock market’s most massive companies, with a total value topping $3 trillion. Combined with Nvidia’s big size, the blistering performance meant the chip company accounted for nearly 30% of the S&P 500’s total return for …

Wall Street's next big test is looming with Nvidia's profit report
4 months ago

Wall Street's next big test is looming with Nvidia's profit report

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Anyone with an S&P 500 …

Nvidia slumps as tech sell-off deepens
4 months, 3 weeks ago

Nvidia slumps as tech sell-off deepens

The Telegraph  

Microsoft shares have fallen heavily as the software giant reported disappointing results that deepened investors’ fears about the artificial intelligence boom. Despite the figures being better than forecast, investors took fright at lower-than-expected sales in its cloud computing division, which is seen as the company’s key growth driver. Microsoft’s figures triggered a wider sell-off in after-hours trading with Nvidia falling …

All eyes are on Nvidia’s stock, so what’s been going on?
5 months, 4 weeks ago

All eyes are on Nvidia’s stock, so what’s been going on?

The Hindu  

Nvidia shares rebounded Tuesday, halting a three-day skid that had surprised many investors and wiped away more than $400 billion in market value. Huge demand There’s been nearly insatiable demand for Nvidia’s chips to power artificial intelligence applications and the company has played a big role in the U.S. stock market’s recent record runs even as the economy’s growth slows …

Nvidia share price jumps 7%, bounces back after $430 billion market dip
5 months, 4 weeks ago

Nvidia share price jumps 7%, bounces back after $430 billion market dip

Live Mint  

Nvidia share price rallied nearly 7% on Tuesday, witnessing a technical bounce back after three days of consecutive losses that wiped out $430 billion from the artificial intelligence chipmaker’s market value. Nvidia stock price is up 154% this year and has accounted for nearly 30% of the S&P 500’s year-to-date return as of Monday’s close, according to S&P Dow Jones …

All eyes are on Nvidia’s stock, so what’s been going on?
5 months, 4 weeks ago

All eyes are on Nvidia’s stock, so what’s been going on?

Associated Press  

Nvidia shares rebounded Tuesday, halting a three-day skid that had surprised many investors and wiped away more than $400 billion in market value. There’s been nearly insatiable demand for Nvidia’s chips to power artificial intelligence applications and the company has played a big role in the U.S. stock market’s recent record runs even as the economy’s growth slows under the …

Nvidia sees around £339bn wiped off market value in three-day sell-off
5 months, 4 weeks ago

Nvidia sees around £339bn wiped off market value in three-day sell-off

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy US computer chip maker Nvidia …

At $3.34 Trillion, How Has Nvidia Become the World's Biggest Company?
6 months ago

At $3.34 Trillion, How Has Nvidia Become the World's Biggest Company?

News 18  

In a historic achievement, Nvidia has surged to become the world’s most valuable company, boasting a market capitalization of $3.34 trillion. With a market value of $3.334 trillion, Nvidia is now worth more than the GDP of all but six of the world’s biggest economies. In 2023, Nvidia’s data centre revenue surged by 35 per cent, accounting for nearly 40 …

How Santa Clara chipmaker Nvidia became one of the world’s most valuable companies in the AI boom
6 months ago

How Santa Clara chipmaker Nvidia became one of the world’s most valuable companies in the AI boom

LA Times  

People gather in the Nvidia booth at the Mobile World Congress mobile phone trade show in 2014 in Barcelona, Spain. Recently, Apple was overtaken by Microsoft, and this week there was briefly a new king of Wall Street — once again a Bay Area company: Nvidia, which makes semiconductors in high demand for artificial intelligence applications. Nvidia shares have been …

How Nvidia took over the world – and where it goes from here
6 months ago

How Nvidia took over the world – and where it goes from here

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Nearly every major tech conference and keynote from that point on has had a heavy focus on …

Nvidia’s ascent to most valuable company has echoes of dot-com boom
6 months ago

Nvidia’s ascent to most valuable company has echoes of dot-com boom

Live Mint  

Nvidia has become the U.S.’s most valuable listed company because of the demand for its artificial-intelligence chips, leading a tech boom that brings back memories of one from earlier this century. The last time a big provider of computing infrastructure was the most valuable U.S. company was in March 2000, when networking-equipment company Cisco took that spot at the height …

Decoding Nvidia's meteoric rise: From gaming GPU maker to world's most valuable company
6 months ago

Decoding Nvidia's meteoric rise: From gaming GPU maker to world's most valuable company

India Today  

Once known for developing graphics cards for gaming on laptops and PCs, Nvidia has now clinched the title of the world’s most valuable company—a journey that’s nothing short of epic. AI gold rush boosts Nvidia Nvidia’s meteoric rise is a clear indicator of AI’s transformative potential and the company’s stellar run also reflects it on Wall Street. Nvidia rides AI …

Nvidia becomes world's most valuable company, toppling Microsoft amid pursuit of AI domination
6 months ago

Nvidia becomes world's most valuable company, toppling Microsoft amid pursuit of AI domination

ABC  

In short: Nvidia has overtaken Microsoft to become the world's most valuable company in market capitalisation. Nvidia has overtaken Microsoft to become the world's most valuable company in market capitalisation. Technology multinational Nvidia has become the world's most valuable company, dethroning tech heavyweight Microsoft as its high-end processors play a central role in a scramble to dominate artificial intelligence computing. …

Nvidia 10-for-1 stock split goes into effect after stock price for the chipmaker doubled this year
6 months, 2 weeks ago

Nvidia 10-for-1 stock split goes into effect after stock price for the chipmaker doubled this year

Associated Press  

Nvidia’s 10-for-1 stock split is in effect, giving investors nine additional shares for every one that they already own. Nvidia’s stock price has more than doubled this year after more than tripling in 2023 and it’s now the third most valuable company in the S&P 500. The meteoric ride allowed Nvidia to briefly surpass Apple last week as the second …

Nvidia’s stock market value topped $3.3 trillion. How it became No. 1 in the S&P 500, by the numbers
6 months, 2 weeks ago

Nvidia’s stock market value topped $3.3 trillion. How it became No. 1 in the S&P 500, by the numbers

Associated Press  

Nvidia’s startling ascent in the stock market reached another milestone Tuesday as the chipmaker rose to become the most valuable company in the S&P 500. Here’s a look: $3.334 Trillion Nvidia’s total market value as of the close Tuesday. $113 billion The one-day increase in Nvidia’s market value on Tuesday. $119.9 billion Analysts’ estimate for Nvidia’s revenue for the fiscal …

Jensen Huang says ‘revolution here' as Nvidia ignites $140 billion stock rally. Here's why
7 months ago

Jensen Huang says ‘revolution here' as Nvidia ignites $140 billion stock rally. Here's why

Hindustan Times  

Nvidia- the chipmaker at the center of an artificial intelligence boom, gained after a bullish sales forecast showed that its AI computing spending remains strong. Nvidia CEO Jensen Huangs speaks at the company's office in Santa Clara, California. Nvidia CEO Jensen Huang said that this is the dawning of a new era as his company's market valuation skyrocketed, topping $2.3 …

Nvidia’s profit soars, underscoring its dominance in chips for artificial intelligence
7 months ago

Nvidia’s profit soars, underscoring its dominance in chips for artificial intelligence

Associated Press  

SAN FRANCISCO — Nvidia on Wednesday overshot Wall Street estimates as its profit skyrocketed, bolstered by the chipmaking dominance that has made the company an icon of the artificial intelligence boom. Huang predicted that the companies snapping up Nvidia chips will use them to build a new type of data centers he called “AI factories” designed to produce “a new …

Nvidia shares shed 10%, shaving off at least $200 billion
8 months ago

Nvidia shares shed 10%, shaving off at least $200 billion

The Hindu  

Nvidia shares fell by 10% in the last day, sending shockwaves through the tech sector as the company lost over $200 billion in value. Analysts pointed to pressure on the semiconductor industry, upcoming earnings reports, and a fall in stock prices of Nvidia vendor Super Micro Computer, as possible factors behind Nvidia’s own falling stock value. Apart from Nvidia, a …

Nvidia’s stock market value rose $273 billion in a day. How it rose to AI prominence, by the numbers
10 months ago

Nvidia’s stock market value rose $273 billion in a day. How it rose to AI prominence, by the numbers

Associated Press  

Nvidia’s stock price jumped 16% on Thursday, increasing the company’s market value by a staggering $273 billion in just one day, a record amount. Here’s a look: $273 billion The amount Nvidia Corp.’s market value increased on Thursday alone, according to FactSet. In other words, Nvidia’s one-day gain is more than the total market values of market stalwarts Bank of …

Nvidia’s 4Q revenue, profit soar thanks to demand for its chips used for artificial intelligence
10 months ago

Nvidia’s 4Q revenue, profit soar thanks to demand for its chips used for artificial intelligence

Associated Press  

SANTA CLARA, Calif. — Nvidia Corp., which has seen its value skyrocket over the past year thanks to soaring demand for its graphics chips used for artificial intelligence, posted stronger-than-expected results Wednesday for its latest quarter, with its revenue more than tripling from a year earlier. “It has a massive lead in the growing global AI chip sector but can’t …

Nvidia overtakes Amazon in market value of $1.78 trillion
10 months, 1 week ago

Nvidia overtakes Amazon in market value of $1.78 trillion

Live Mint  

Nvidia Corporation briefly overtook Amazon.com Inc. in market value on Monday, February 12, the latest milestone in a stunning rally over the past year fueled by soaring demand for its chips used in artificial intelligence computing. Track | Our Markets LIVE coverage here Nvidia rose almost 0.2 percent, closing with a market value of about $1.78 trillion. The chipmaker did …

How Nvidia became the world’s most important company overnight
1 year, 4 months ago

How Nvidia became the world’s most important company overnight

The Telegraph  

To a degree, Huang is fortunate his video game chips are so well suited to AI, but his allies reject suggestions he simply stumbled upon a pot of gold. Greg Bassuk, chief executive of AXS Investments, says Nvidia’s valuation is “suspect for some investors concerned about geopolitical impacts on the company’s growth prospects”. He adds investors are now looking at …

Nvidia’s rising star gets even brighter with another stellar quarter propelled by sales of AI chips
1 year, 4 months ago

Nvidia’s rising star gets even brighter with another stellar quarter propelled by sales of AI chips

Associated Press  

SAN FRANCISCO — Computer chip maker Nvidia has rocketed into the constellation of Big Tech’s brightest stars while riding the artificial intelligence craze that’s fueling red-hot demand for its technology. The results covering the May-July period exceeded Nvidia’s projections for astronomical sales growth propelled by the company’s specialized chips — key components that help power different forms of artificial intelligence, …

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