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Nvidia shares pop 10% to record high after forecast signals unwavering demand for AI chips

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NVIDIA Corp,Breaking News: Technology,Technology

Nvidia shares jumped Thursday to record highs after the company topped Wall Street estimates for the fiscal first quarter.

Nvidia shares surged to a record high Thursday after the company beat earnings and revenue estimates for the fiscal first quarter.Nvidia CEO Jensen Huang delivers a keynote address during the Nvidia GTC Artificial Intelligence Conference at SAP Center on March 18, 2024 in San Jose, California.and showed that there's still ferocious demand for its artificial intelligence chips.

The company issued strong guidance, saying it expects revenues at $28 billion in revenue for the current quarter, beating the LSEG estimate of $26.61 billion.

 

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