Posted 2/22/2024, 12:59:48 AM
Nvidia Soars to Record Revenues on Surging Demand for AI Chips
- Nvidia CEO says AI is at a "tipping point" as company posts record $22bn in quarterly revenue, more than double 2021's revenue
- Demand for Nvidia's AI chips and data center products surging globally across companies and industries
- Nvidia forecasts 233% jump in next quarter's revenue, beating analyst estimates
- Company facing supply chain constraints and tighter US trade restrictions with China
- Nvidia now one of most valuable US companies with stock market value up 225% in past year