:Nvidia far exceeded expectations with its quarterly revenue forecast on Wednesday as an artificial-intelligence boom fueled demand for its chips and said it would buy back $25 billion in stock, sending its shares soaring after hours. Nvidia’s forecast beat expectations by billions of dollars, demonstrating t
:Nvidia far exceeded expectations with its quarterly revenue forecast on Wednesday as an artificial-intelligence boom fueled demand for its chips and said it would buy back $25 billion in stock, sending its shares soaring after hours. Analysts have estimated that demand for Nvidia’s prized AI chips is exceeding supply by at least 50 per cent, adding that the imbalance will stay in place for the next several quarters.
