NVIDIA results showed that the AI boom continues.
NVIDIA increased its quarterly revenue by 106% year-on-year to $96.2 billion, and boosted its data-center revenue by 117% to $89 billion. The company forecasts revenue of $108 billion for the next quarter; after the results, the stock rose by about 9%.#Nividia ,
Market impact: Strong results support risk appetite for chips, cloud infrastructure, and AI companies. However, after the rally, the risk of short-term profit-taking in NVDA and the Nasdaq increases.
NVIDIA increased its quarterly revenue by 106% year-on-year to $96.2 billion, and boosted its data-center revenue by 117% to $89 billion. The company forecasts revenue of $108 billion for the next quarter; after the results, the stock rose by about 9%.#Nividia ,
Market impact: Strong results support risk appetite for chips, cloud infrastructure, and AI companies. However, after the rally, the risk of short-term profit-taking in NVDA and the Nasdaq increases.
