Nvidia gains $185bn in value after predicting AI-driven boom in chip demand
by Jasper Jolly from Technology | The Guardian on (#6BX5K)
Shares in US tech firm jump by 25% in early trading as quarterly revenue forecast excites investors
The value of the US tech company Nvidia has soared by a quarter after it predicted a boom in demand for its computer chips to meet the needs of artificial intelligence products such as ChatGPT.
Nvidia's share price rose by 25% in early trading on the back of the announcement, and gave it a market valuation of more than $940bn (760bn) after stock markets opened on Wall Street on Thursday, up from $755bn on Wednesday evening.
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