Shares of$NVIDIA (NVDA.US)$rose over 16% on Thursday after the company reported quarterly earnings that beat even the most optimistic forecasts.
As a provider of key technology needed to develop artificial intelligence (AI) platforms, the company is strategically positioned to benefit from the ongoing AI craze.
Jensen Huang, Nvidia's co-founder and chief executive, said during the late Wednesday call that "a whole new industry is being formed, and that's driving our growth."
Investors took these words seriously, taking much of the tech sector up.
While big tech companies like$Meta Platforms (META.US)$,$Alphabet-A (GOOGL.US)$,$Microsoft (MSFT.US)$and$Amazon (AMZN.US)$ compete to find the...
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