Nvidia Adds $68 Billion in Market Cap After CEO Talks up AI in Earnings
"Nvidia AI is essentially the operating system of AI systems today," Nvidia Jensen Huang said as he talked up the launch of its DGX cloud.
Stay updated with breaking news from Vidia Stock. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
"Nvidia AI is essentially the operating system of AI systems today," Nvidia Jensen Huang said as he talked up the launch of its DGX cloud.
Strategists noted that the company will draw global cloud and enterprise customers, and that AI adoption could catalyze long-term data center growth.
After a dismal 2022, many on Wall Street predicted more pain for the US stock market. But its performance has surprised even veteran traders.
Citigroup analysts see big sales potential for Nvidia chips. The firm's data center continues its rapid growth that started in Q2 of 2020.
Buy-the-dip sentiment in chip stocks is strong for retail investors, said Vanda. The Philadelphia Semiconductor Index has tumbled in 2022.