Posted 3/29/2024, 1:58:21 AM
Nvidia Soars on Booming AI Demand, Strong Earnings and New Products
- Nvidia stock surged over 80% in Q1 driven by booming AI demand, stellar earnings, and new product launches
- Revenue grew 265% YoY in Q4; CEO sees "excellent conditions" for continued growth
- Unveiled next-gen Blackwell platform at developers conference, cementing AI dominance
- Formed partnerships with Amazon, Microsoft, Google at conference
- Stock consolidating under record highs; monitor channel pattern breakouts for next move