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Nvidia on Wednesday forecast a roughly threefold surge in quarterly revenue that handily beat estimates as the company banked on towering demand for its industry-leading AI chips.
Nvidia's market value surpasses $2 trillion as AI chip demand skyrockets. It leads S&P 500, plays a vital role in the tech revolution. Shares surge, adding over $230 billion to market cap. China imposes chip sales restrictions. Analysts' earnings estimates increase.
Nvidia's market value surpasses $2 trillion as AI chip demand skyrockets. It leads S&P 500, plays a vital role in the tech revolution. Shares surge, adding over $230 billion to market cap. China imposes chip sales restrictions. Analysts' earnings estimates increase.
The poster child of stocks’ record run in recent months, Nvidia came into Wednesday’s earning report on a rare cold streak.
Even after Nvidia’s almost$110 billion pre-earnings selloff Tuesday, its 365% gain since the beginning of last year is by far the best of any S&P 500 stock.