NVIDIA STUNS MARKETS AND SIGNALS HOW ARTIFICIAL INTELLIGENCE COULD RESHAPE TECHNOLOGY SECTOR
Techlife News|May 27, 2023
Shares of Nvidia, already one of the world’s most valuable companies, skyrocketed Thursday after the chipmaker forecast a huge jump in revenue, signaling how vastly the broadening use of artificial intelligence could reshape the tech sector.
NVIDIA STUNS MARKETS AND SIGNALS HOW ARTIFICIAL INTELLIGENCE COULD RESHAPE TECHNOLOGY SECTOR

The California company is close to joining the exclusive club of $1 trillion companies like Alphabet, Apple and Microsoft, after shares jumped 25% in early trading.

Late Wednesday the maker of graphics chips for gaming and artificial intelligence reported a quarterly profit of more than $2 billion and revenue of $7 billion, both exceeding Wall Street expectations.

Yet its projections for sales of $11 billion this quarter is what caught Wall Street off guard. It’s a 64% jump from last year during the same period, and well above the $7.2 billion industry analysts were forecasting.

“It looks like the new gold rush is upon us, and NVIDIA is selling all the picks and shovels,” Susquehanna Financial Group’s Christopher Rolland and Matt Myers wrote Thursday.

この記事は Techlife News の May 27, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Techlife News の May 27, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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