Does AI chip boom send Nvidia stock up?

AI chip boom sends Nvidia’s stock surging after whopper of a quarter | CNN Business CNN values your feedback 1. How relevant is this ad to you? 2. Did you encounter any technical issues?

How will AI affect Nvidia's Q2 2024 earnings?

Nvidia’s Q2 2024, by revenue. Nvidia is forecasting revenue of $16 billion next quarter, yet another leap due to AI. “We expect sequential growth to be driven largely by data center,” says Nvidia CFO Colette Kress on the earnings call. The company’s stock price jumped 8.5 percent in after-hours trading.

Why did AI prices rise 125%?

Revenue rose 125% to a record 16.4 trillion won. Prices have been lifted by explosive demand for high-end DRAM chips such as HBM, chips used in data centre servers and gadgets that run on-device AI services.