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Prediction: This Magnificent 7 Stock Will Rally Through Summer

Prediction: This Magnificent 7 Stock Will Rally Through Summer
247wallst.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 247wallst.com Daily Mail and Mail on Sunday newspapers.

Nvidia CEO Jensen Huang: We re building AI factories

Nvidia CEO Jensen Huang: We re building AI factories
biztoc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztoc.com Daily Mail and Mail on Sunday newspapers.

NVIDIA announced yet another blowout financial report for the third quarter of 2023

NVIDIA recorded revenues of $18.12 billion for the third quarter of 2023, up from just $5.9 billion in the same period a year ago. However, shares in the company were down in after-hours trading

The generative AI boom caused NVIDIA to double its revenues to $13 51 billion for Q2 2023

NVIDIA also recorded net income of $6.188 billion for the second quarter of 2023, up from just $656 million in the same period a year ago. Its shares were up 8 percent in after-hours trading

Intel results reveal a push to address AI shortcomings

The chipmaker has been impacted by poor PC sales but aims to drive adoption of its AI inferencing technology

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