Nvidia has led the synthetic intelligence boom to endedupbeing one of the stock market’s greatest business, as tech giants continue to invest greatly on the business’s chips and information centers required to train and run their AI systems
BySARAH PARVINI AP innovation author
August 28, 2024, 12: 01 AM
LOS ANGELES — LOS ANGELES (AP) —
Nvidia has led the synthetic intelligence boom to endedupbeing one of the stock market’s mostsignificant business, as tech giants continue to invest greatly on the business’s chips and information centers required to train and run their AI systems. The business is now worth over $3 trillion, with its supremacy as a chipmaker sealing Nvidia’s location as the poster kid of the AI market ahead of the release of its newest monetary results Wednesday.
Wall Street anticipates the business to report second-quarter changed revenues of 65 cents per share on income of $28.74 billion, more than double what it