Business

Nvidia Crushes Earnings. Stock Soars After CEO Says the ‘Race Is on’ to Adopt AI.

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Nvidia reports earnings after Wednesday’s close. Shares have more than tripled this year.

Dreamstime

Nvidia shares spiked on Wednesday after the company reported strong quarterly earnings and provided a revenue forecast for its current October quarter that was well above expectations. The company’s CEO credited a dramatic shift toward AI adoption for the robust results.

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