Nvidia stuns markets and signals how artificial intelligence will reshape technology sector
Balita ng Ethereum ng Bitcoin WASHINGTON (AP) — Shares of Nvidia, already one of the worlds most valuable companies, skyrocketed Thursday after the chipmaker forecast a huge jump in revenue, signaling how vastly the broadening use of artificial intelligence could reshape the tech sector. The California company is close to joining the exclusive club of $1 trillion companies like Alphabet, Apple and Microsoft, after shares jumped 25% in early trading. Late Wednesday the maker of graphics chips for gaming and artificial intelligence reported a quarterly profit of more than $2 billion and revenue of $7 billion, both exceeding Wall Street expectations. Yet its projections for sales of $11 billion this quarter is what caught Wall Street off guard. Its a 64% jump from last year during the same period, and well above the $7.2 billion industry analysts were forecasting. “It looks like the new gold rush is upon us, and NVIDIA is selling all the picks and shovels,” Susquehanna Financial Groups Christopher Rolland and Matt Myers wrote Thursday. Chipmakers around the globe were pulled along. Shares of Taiwan Semiconductor rose 3.5%, while South Koreas SK Hynix gained 5%. ASML based in the Netherlands added 4.8%. Nvidia founder and CEO of Jensen Huang said the worlds data centers