(Reuters) - Nvidia forecast quarterly revenue above estimates on Wednesday and announced a stock split, lifting its shares to record-high territory and impressing investors who have tripled the chipmaker's market value in the past year on AI optimism.
Alphabet, Microsoft, Amazon.com and other technology companies have been competing for a limited supply of Nvidia s high-end chips as they race to dominate AI computing.
U.S.-based chipmaker Nvidia, the company at the center of the AI boom posted Wednesday record quarterly revenues, more than triple when compared to a year.