Nvidia Clears the Way for AI Stocks to Keep Powering Higher
- Shares of hardware makers are rallying after Nvidia’s earnings
- Nvidia put to rest concerns about a slowdown in AI spending
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Nvidia Corp. just gave the green light to traders betting that the rally in artificial intelligence computing stocks — not to mention its own — has room to run.
Another estimate-thumping earnings report and forecast from the chipmaker sent its shares up as much as 9% in early trading Thursday, putting to rest lingering concerns that the spending spree on data-center gear over the past year might be due for a slowdown.