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Sunday, June 23, 2024

Nvidia posts strong results as CEO sees AI demand “accelerating”

Nvidia stock tops $1000 on strong earnings as AI demand cranks up

By Hope King, Axios Closer

Nvidia’s CEO Jensen Huang said Wednesday that demand for generative artificial intelligence training is “accelerating,” as the AI-chip designer posted quarterly earnings that beat market expectations.

Why it matters: Dubbed the most important stock on planet earth by Goldman Sachs, the company is the main bellwether for the pace of AI progress.

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