Stories

Nvidia bets US$25 billion that AI boom is far from over

Nvidia's CEO Jensen Huang said he expects the artificial intelligence boom will last well into next year and made what could be the largest single bet yet in the tech sector to back up his optimism. The company's sales forecast blew past Wall Street's expectations and it said it would buy...

Continue reading
  116 Hits
Tags:

Nvidia sales forecast jumps on AI boom

Nvidia, the leading semiconductor company, has announced strong second-quarter revenue forecasts, surpassing Wall Street estimates by over 50%. The company is ramping up its supply to meet the high demand for its artificial-intelligence (AI) chips, which are used in applications like ChatGPT. Following the announcement, Nvidia's shares soared by up to...

Continue reading
  157 Hits