Posted 3/4/2024, 6:12:09 PM
Nvidia Soars on Booming AI Demand, Strong Earnings
- Nvidia stock jumped 29% in February due to strong earnings report and continued high demand for AI chips
- Company revenue grew 265% and earnings per share soared 486% year-over-year
- Nvidia is creating a new business to provide custom AI chips for cloud companies
- Evidence shows the AI boom is accelerating, with Nvidia well-positioned as a leader
- Nvidia stock price continues rising in early March following bullish industry reports on AI demand