Nvidia shows no signs of AI slowdown after over 400% increase in data center business
Publishing timestamp: 2024-05-23 06:22:13
Summary
Nvidia's revenue tripled in Q1, with data center business growing over 400%. The company is signaling to investors that customers buying its chips for AI will see strong returns. Nvidia's stock split and aggressive timeline for next-generation GPU also contributed to a 6% jump in shares. Other companies discussed include Meta, Alphabet, and Berkshire Hathaway.
Sentiment: POSITIVE
Tickers: GOOGL, META, NVDA, TSLA, ORCL, MSFT, BRK.A, AMZN,
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