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CNBC Daily Open: Nvidia shares soar on AI boom

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Technology,Gamestop Corp,NVIDIA Corp

Prime Minister Rishi Sunak of the United Kingdom called a general election, while Nvidia delivered its earnings and saw its shares soar to record highs.

In this photo illustration the Nvidia logo is displayed on a smartphone screen and in the background.This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe, in extended trading after its first-quarter earnings and sales beat analysts' expectations.

"We're still really early in the AI build," Niles told CNBC's "Money Matters" on Monday. "I think the revenue will go up three to four times from current levels over the next three to four years, and I think the stock goes with it."

 

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