Nvidia ignites chip stock rally as forecast shows AI boom is intact | live
By Rashika Singh and Kanishka Ajmera Aug 27 (Reuters) - Nvidia ignited a chip-stock rally on Thursday with a rare long-term revenue projection that did what its recent quarterly beats could not — ease investor fears that the AI boom is fading. Shares of the chipmaker jumped 6.8%, putting the chipmaker on track to add about $295.7 billion in market value and marking its best single-day performance since June 1, if gains hold.
By Rashika Singh and Kanishka Ajmera Aug 27 (Reuters) - Nvidia ignited a chip-stock rally on Thursday with a rare long-term revenue projection that did what its recent quarterly beats could not — ease investor fears that the AI boom is fading. Shares of the chipmaker jumped 6.8%, putting the chipmaker on track to add about $295.7 billion in market value and marking its best single-day performance since June 1, if gains hold.
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