💻 Nvidia Exceeds Q4 Revenue Estimates Amid AI Demand

Nvidia forecasts its Q4 revenue will surpass estimates due to strong demand for AI chips, despite ongoing concerns about an AI bubble. Analysts suggest that increased investments in AI technology, particularly in data centers, are driving this growth in multiple countries, including the USA and Saudi Arabia.

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Nvidia reports 'off the charts' demand for AI chips

Nvidia shares climbed Wednesday after it beat quarterly earnings expectations on fierce demand for its sophisticated chips that power artificial intelligence.- China sales stalled –
Nvidia reported profit of $31.9 billion on record-high quarterly revenue of $57 billion, sending shares up more than 5 percent.