Nvidia Asian suppliers rise on positive Q1 earnings, outlook

Investing.com-- Shares of Nvidia’s Asian suppliers rose on Thursday, cheered by the prospect of sustained demand from the artificial intelligence industry as the chipmaker clocked stronger-than-expected quarterly earnings.) surged to a record high in aftermarket trade, after its first-quarter earnings beat expectations and as the firm also offered robust revenue guidance for the current quarter.

The rush into generative AI, which was triggered by the release of OpenAI’s ChatGPT in late-November, has been a key driver of demand for the chip industry, which was otherwise grappling with a pronounced slowdown in technology investment.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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