Nvidia Rises Most in About Nine Months as AI Drives Sales
- Company’s results and forecast trounce Wall Street estimates
- Nvidia remains biggest beneficiary of AI spending spree
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Nvidia Corp. rose the most in about nine months after the chipmaker delivered another eye-popping sales forecast, adding fresh momentum to a stock rally that already made it the world’s most valuable chipmaker.
Revenue in the current period will be about $24 billion, the company said in a statement Wednesday. Analysts had predicted $21.9 billion on average. Results in the fourth quarter also sailed past Wall Street estimates.