Page 3 - Nvidia S News Today : Breaking News, Live Updates & Top Stories | Vimarsana

PALO ALTO, U.S. -- Nvidia's blockbuster earnings and rosy outlook are music to the ears of investors, who have pushed its share price into the stratos

Nvidia's shares surged last month, boosted by its quarterly revenue forecast, which exceeded analyst expectations as the artificial intelligence boom fuels demand for its chips. Also, an announcement of a $25 billion share buyback lifted its shares.

Nvidia's stock added nearly 2% to $468 on Monday, leaving it down almost 1% since last Wednesday, when the Santa Clara, California company far exceeded expectations with its quarterly revenue forecast as an artificial-intelligence boom fueled demand for its chips.

Nvidia's forecast added to investor optimism. Big Tech and AI-related stocks saw their stock market values increase by over $70 billion, on top of Nvidia's increased value, as their shares climbed following the report.

Xpeng, which is among China's top 20 best-selling EV makers, has been upgrading its advanced driver assistance software and has said it plans to make all of its functions available to drivers across China by 2024, as it seeks to gain an edge over U.S. rival Tesla.