Company Nvidia Boosts Tech Stocks Worldwide
Nvidia delivered another blockbuster quarter on Wednesday, posting revenue and profits that surpassed Wall Street forecasts and easing investor fears about a potential artificial intelligence bubble. The results sent tech stocks higher in after-hours trading and reinforced the chipmaker’s dominant role in the rapid expansion of AI technology.
The company reported a 62 percent jump in sales to $57 billion for the October quarter, beating expectations of $54.9 billion. Profit climbed 65 percent to $31.9 billion, also slightly ahead of analyst estimates. Nvidia CEO Jensen Huang said “Blackwell sales are off the charts, and cloud GPUs are sold out,” insisting once again that concerns about an overheating AI…
