Nvidia Stock Soars as AI Boom Drives Profits

Nvidia’s Profits Soar by 769% Amid Global AI Surge

In a major show of strength, chipmaker Nvidia has reported a staggering 769% year-over-year increase in profits, reaching $12.3 billion in the three months ending January 2023. This growth surpassed even the expectations of Wall Street analysts, cementing Nvidia’s position as one of the key beneficiaries of the artificial intelligence (AI) boom.