Sales forecasts surpassed expectations, and NVIDIA shares rose 10%
exhaustive
・Capturing huge demand for industry-leading artificial intelligence chips, quarterly sales are predicted to increase 265%, which slightly exceeded expectations, and overtime stock prices rose 10%. The company's stock price in Santa Clara, California skyrocketed towards the end, and the total market value increased by more than 80 billion dollars to 1.75 trillion dollars.
・As companies rush to expand AI products, large demand for the company's data center chips and graphics processing units (GPUs) continues to increase. NVIDIA $NVIDIA(NVDA.US$ Is the silicon of Microsoft $Microsoft(MSFT.US$ It has a monopoly on the global market for AI chips, which are on par with the like.
Will the rise continue?
・Insider Intelligence analyst Jacob Bourne said, “NVIDIA's new blockbuster quarter has raised questions about how long its skyrocketing performance will continue.” “The company holds a significant lead in the growing global AI chip field, but we cannot afford to rest on that honor.”
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