AI chip giant Nvidia beats expectations, but shares take hit

AI chip giant Nvidia beats expectations, but shares take hit …C0NTINUE READING HERE >>>

Nvidia CEO Jensen Huang speaks during Computex 2024 in Taipei on June 4, 2024.
Photo: I-Hwa CHENG / AFP
Source: AFP

Artificial intelligence behemoth Nvidia on Wednesday said quarterly sales reached a higher than expected $30 billion in the last quarter, though that growth was slower than the furious pace seen in previous quarters.

Declared by Wall Street to be the world’s most important stock, the California-based AI chip-maker led by CEO Jensen Huang saw its share price fall by about…

>