AI mania: People passing by the Nvidia office in Taipei, Taiwan. Its forecast beat expectations by billions of dollars, demonstrating that a boom in generative AI technologies shows no signs of slowing down. — Bloomberg
SAN FRANCISCO: Nvidia far exceeds expectations with its quarterly revenue forecast as an artificial-intelligence (AI) boom fuels demand for its chips.
The company said it would buy back US$25bil in stock, sending its shares soaring after hours.
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