POLITICSTÜRKİYEWAR ON GAZABIZTECHINFOGRAPHICSFEATURESOPINIONWAR ON IRANFIFA WORLD CUP
Asian chip stocks surge as Nvidia posts stellar results
05:55
Asia Pacific
Asian chip stocks surge as Nvidia posts stellar results
Semiconductor-related stocks in Asia are surging this morning on the stock exchanges. That's as US-based Nvidia posted very strong second-quarter results while issuing an optimistic guidance for the current period. Revenue in the second quarter doubled from $6.7B a year earlier and increased 88 percent from the prior period. The company also suggested sales in the current quarter will grow 170% from the year-earlier period - that's amid skyrocketing demand for its computer chips that power artificial intelligence systems. The 30-year-old company is one of the biggest winners in the AI boom and is now valued at over $1tn, with its chips powering nearly all the world's major artificial intelligence apps, including ChatGPT.
More Videos
From desert to smart cities: How drones are reshaping Saudi Arabia | NexTech
What will the World Cup look like in Donald Trump’s America? | Inside America
China becomes Serbia’s key partner
Albanian students fight for their native language
Emigration: A demographic problem or a threat to economy?
Washington and Beijing: Rivals or partners over Iran? | Inside America
Overbooked | Series | Trailer
Inside Konya, Türkiye’s Historic Heart | Where to Next?
Mining in Serbia’s Bor contributes economy but poses risks to health and nature
Bosnia and Herzegovina confronts Croatia over nuclear waste facility