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Jensen Huang said that Nvidia has a better-than-expected forecast as he told investors that it is expecting more demand for its AI graphics processing units.
Shares of Nvidia surged over 9% on Thursday, building on a stunning rally as its bumper revenue forecast reinforced investor confidence in the AIdriven boom in chip demand.
The ASX200 will start trading in the red, if ASX Futures are anything to go by, trading down 0.9% to 7,796 points at 8:40 am today after Wall Street indices...
Nvidia rallied 9% on Thursday as its bumper revenue forecast reinforced investor confidence in the AI-driven boom in chip demand, lifting shares across the semiconductor sector.
Nvidia's shares surged by 9% due to a strong revenue forecast, reinforcing investor confidence in the AI-driven chip demand boom. The tech giant also announced a 10-for-one stock split and increased its dividend by 150%, marking an impressive quarter and driving gains in the semiconductor sector.