Nvidia's Sales Soar, AI Stocks Calm

Nvidias recent sales surge, with a 62% increase to $57 billion, surpasses analyst predictions and reaffirms the companys dominance in AI chip market. Despite a brief market value dip, Nvidias shares soar after announcing a 65% net income increase and a 66% rise in data center chip sales. The companys chips are vital for AI tools like ChatGPT and are expected to fuel a multi-trillion dollar data center spending spree by US tech giants.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.