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Why did chip-maker Nvidia’s profits soar and is it living in a tech bubble?
Artificial intelligence (AI) | The Guardian www.theguardian.com
Firm’s relentless focus on AI paid off in spades, with analysts optimistic of further success
The stock market darling on everyone’s lips is Nvidia, which makes the processing chips that power everything from home computers to industrial machinery to cutting-edge artificial intelligence technology.
On Thursday, the company stunned Wall Street with results that blew the roof off analysts’ expectations, reporting $13.5bn in quarterly profits, $2bn higher than pundits had predicted.
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