Nvidia Corp. jumped in late trading after giving a bullish revenue outlook for the current quarter, suggesting that a push into artificial intelligence processors is helping offset sluggish demand for personal computer chips. Know more:
Nvidia Corp. jumped in late trading after giving a bullish revenue outlook for the current quarter, suggesting that a push into artificial intelligence processors is helping offset sluggish demand for personal computer chips.
The forecast signals that Nvidia’s push into AI computing chips is paying off. Under Chief Executive Officer and co-founder Jensen Huang, the company has parlayed its dominance of graphics processors into a strong position in the growing market for AI hardware. Its chips excel at the kind of parallel processing that allows computers to make sense of large amounts of data and train software to make decisions.
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