Nvidia sales jump 56%, a sign the AI boom isn’t slowing down

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Nvidia, the artificial intelligence chipmaker, was crowned the world’s first $4 trillion public company last month and has become perhaps the most important factor determining the direction of the stock market.

On Wednesday, the Silicon Valley company reported results that showed that spending on AI infrastructure remains robust, easing the anxieties of Wall Street and investors around the world.

Concerns over whether tech companies would continue shelling out billions to build AI data centres — spending that has helped prop up the economy — had…



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Nvidia sales jump 56%, a sign the AI boom isn’t slowing down



Nvidia, the artificial intelligence chipmaker, was crowned the world’s first $4 trillion public company last month and has become perhaps the most important factor determining the direction of the stock market.

On Wednesday, the Silicon Valley company reported results that showed that spending on AI infrastructure remains robust, easing the anxieties of Wall Street and investors around the world.

Concerns over whether tech companies would continue shelling out billions to build AI data centres — spending that has helped prop up the economy — had…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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