Page 9 - Nvidia Chips News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Reuters) -Nvidia far exceeded expectations with its quarterly revenue forecast on Wednesday as an artificial-intelligence boom fueled demand for its chips and said it would buy back $25 billion in stock, sending its shares soaring after hours. Nvidia's forecast beat expectations by billions of dollars, demonstrating that a boom in generative AI technologies that can read and write in human-like ways - and powered almost exclusively by Nvidia's chips - shows no signs of slowing down. Nvidia's ad

Nvidia Inc. is scheduled to report earnings after Wednesday's close. Here is a closer look at the numbers and what it means for the market.

Nvidia: Baidu, TikTok-owner ByteDance, Tencent and Alibaba have made orders worth $1 billion to acquire about 100,000 A800 processors from the U.S. chipmaker to be delivered this year, the FT reported, citing multiple people familiar with the matter.

Companies are hoping that artificial intelligence will be the answer to their problems and a way to refresh aging product lines that haven't changed all that much in recent years

IBM is hoping to take advantage of the boom in generative AI technologies that can write human-like text more than a decade after Watson, its first major AI system, failed to gain market traction.