Nvidia Corp on Wednesday forecast second-quarter revenue more than 50% above Wall Street estimates, and said it is boosting supply to meet surging demand for its artificial-intelligence chips, which are used to power ChatGPT and many similar services.
O) on Wednesday forecast second-quarter revenue more than 50% above Wall Street estimates, and said it is boosting supply to meet surging demand for its artificial-intelligence chips, which are used to power ChatGPT and many similar services. The gain increased Nvidia’s stock market value by about $200 billion to over $950 billion, extending the Silicon Valley company’s lead as the world’s most valuable chipmaker and Wall Street’s fifth-most-valuable company.
