Nvidia Shares Soar as AI Boom Drives Record Profits and Sales

Nvidia has recently reported skyrocketing profits and sales due to the AI boom, with shares exploding 28% higher. The company, a leading producer of chips for generative AI, saw a 26% surge in profit to $2 billion, and a 19% rise in sales to $7.2 billion last quarter. CEO Jensen Huang has announced plans to increase the supply of data center products to meet the surging demand. This performance exceeds Wall Street analysts' forecasts and positions Nvidia at the heart of the AI revolution​