Nvidia results show its growing lead in AI chip race

Published by
Reuters UK

By Chavi Mehta (Reuters) – As the artificial intelligence boom takes off, Nvidia Corp is expected to emerge as the biggest – though not the only – winner among chipmakers after years of focusing on the technology has made it a go-to supplier for tech firms. AI has emerged as a bright spot for investments in the tech industry, whose slowing growth has led to widespread layoffs and a cutback on experimental bets. The surge in interest helped Nvidia report better-than-expected quarterly earnings on Wednesday and it forecast sales above beat Wall Street expectations, in stark contrast to a project…

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