Nvidia surges on AI hype, stellar sales forecast
In the heart of the AI revolution, Nvidia Corp. surges ahead with a remarkable sales forecast, showcasing the enduring strength of AI computing investments. Projecting second-quarter revenue at $28 billion, exceeding analyst predictions, the chip giant solidifies its position as the prime beneficiary of AI spending. CEO Jensen Huang heralds a new industrial era, as Nvidia's innovative chips drive transformative growth across industries, propelling the company's valuation to unprecedented heights.
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By Ian King
Nvidia Corp., the chipmaker at the center of an artificial intelligence boom, gained in late trading after a bullish sales forecast showed that AI computing spending remains strong.
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