AI chip boom sends Nvidia's stock surging after whopper of a quarter | CNN Business

. Shares of Nvidia\n \n exploded 28% higher Thursday after reporting earnings and sales that surged well above Wall Street’s already lofty expectations. That was enough to make investors temporarily forget about America’s dangerous debt ceiling standoff, sending the broader stock market higher — even after credit rating agency Fitch warned late Wednesday that America could soon lose its sterling AAA debt rating.

“A trillion dollars of installed global data center infrastructure will transition from general purpose to accelerated computing as companies race to apply generative AI into every product, service and business process.” Huang said Nvidia is increasing supply of its entire suite of data center products to meet “surging demand” for them. Last quarter, Nvidia’s profit surged 26% to $2 billion, and sales rose 19% to $7.2 billion, each easily surpassing Wall Street analysts’ forecasts.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

The US economy grew faster in the first quarter than previously reported | CNN BusinessUS economic growth in the first three months of the year was faster than previously estimated, the Commerce Department reported on Thursday.
مصدر: CNN - 🏆 4. / 95 اقرأ أكثر »

Virgin Galactic launches high-stakes flight carrying passengers to the edge of space | CNN BusinessVirgin Galactic — the space tourism company founded by British billionaire Richard Branson — has returned its supersonic plane to the edge of space for the first time since 2021, when Branson made his own venture toward the cosmos.
مصدر: CNN - 🏆 4. / 95 اقرأ أكثر »

Americans' outlook on retirement darkens to an 11-year low | CNN BusinessIn the latest sign of economic pessimism, Americans are growing increasingly concerned they won’t be able to retire comfortably, according to a Gallup survey shared first with CNN on Wednesday.
مصدر: CNN - 🏆 4. / 95 اقرأ أكثر »

Germany falls into recession as consumers in Europe's biggest economy spend less | CNN BusinessGermany has slipped into recession as last year’s energy price shock takes its toll on consumer spending.
مصدر: cnni - 🏆 326. / 59 اقرأ أكثر »