Nvidia's AI Revolution Boosts Shares

Nvidias shares surged in after-hours trading following a robust fiscal first-quarter report, with revenue and earnings exceeding Wall Streets expectations. The companys data center revenue, driven by AI chips, skyrocketed by 427% year over year. Nvidias CEO, Jensen Huang, expressed optimism about the AI industrys growth, dismissing concerns of an AI bubble. The company also announced the full production of its next-generation AI chip, Blackwell, set to launch later this year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.