Nvidia’s Strong Quarter Has Tech Poised For Further Upside As Investors Prep For Powell Speech

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(Thursday market open) Yesterday’s tech-driven rally appears to be extending into Thursday after chipmaker Nvidia (NASDAQ: NVDA) reported a blowout quarter last night, fueling bullishness over artificial intelligence (AI). Nvidia shares surged in premarket trading after the company reported a more than ninefold surge in quarterly income and a doubling in revenue. Nvidia shares have more than tripled this year with growing expectations that demand for the company’s advanced chips will increase to serve the market for so-called generative AI applications, such as ChatGPT and image recognition. S…

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