Nvidia's robust earnings forecast provides a boost to the artificial intelligence industry's upward trajectory.

Quick Summary:

NVIDIA rallied 7% on Thursday as its bumper revenue forecast reinforced investor confidence in the AI-driven boom in chip demand, lifting shares across the semiconductor sector.

Expectations were high for Nvidia with its shares trading near record highs in the run-up to earnings.

A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023.

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Category: EconomyBusiness

Markets: MalaysiaChinaTaiwan

Topics: Semiconductor Technology Nvidia AI Chip /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-23 @ 21:11:00 (1 months ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 488 words

Reading Time: 3 minutes read

Sentences: 19 lines

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Copyright Owner: © The Star

News ID: 21066488

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