Nvidia's AI Chips Soar, Shares Jump

Nvidias shares surged in after-hours trading following impressive Q1 results, beating revenue and earnings estimates. The companys Data Center revenue, driven by AI chips, skyrocketed by 427% YoY, while Gaming revenue rose 18%. Nvidias CEO, Jensen Huang, highlighted strong AI demand and expressed optimism for their next-gen AI chip, Blackwell, set to ship in Q2. This performance underscores the AI sectors growth, with Nvidias chips being crucial for major tech companies advanced systems.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.