Nvidia Surges After AI Computing Push Drives Upbeat Outlook
- Data center strength has helped company weather PC slowdown
- Sales outlook is more upbeat than analysts anticipated
This article is for subscribers only.
Nvidia Corp. jumped after giving a bullish revenue outlook for the current quarter, suggesting that a push into artificial intelligence processors is helping offset sluggish demand for personal computer chips.
“When you have ‘the next big thing’ in tech, it’s natural for investors to scramble to find ways to play the theme,” said Russ Mould, investment director at AJ Bell. “Nvidia’s involvement in the AI space now puts it directly under the spotlight.”