Nvidia Stock Surges as Sales Forecast Delivers on AI Hopes
- ‘We are poised for our next wave of growth,’ CEO says
- Outlook for second-quarter revenue exceeds estimates
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Shares of Nvidia Corp., the chipmaker at the center of an artificial intelligence boom, surged on Thursday after a bullish sales forecast showed that AI computing spending remains strong.
Second-quarter revenue will be about $28 billion, the company said Wednesday, topping the $26.8 billion predicted by analysts. Results in the fiscal first quarter, which ended April 28, also beat projections — lifted by growth in Nvidia’s data-center division.