Economic TimesLean R·
Nvidia ignites chip stock rally as forecast shows AI boom is intact
Nvidia has calmed investor anxieties regarding the AI surge, forecasting a remarkable seventy percent increase in revenue for the upcoming fiscal year. This optimistic outlook highlights sustained investments in artificial intelligence technology. Following this development, shares of other AI-related chip manufacturers also rose, with Nvidia witnessing a substantial one-day boost in its market capitalization.
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