Asian technology shares ride high on AI optimism after Nvidia’s ‘stunning’ results – business live
Investors breathe sigh of relief after AI bellwether Nvidia reports doubling in quarterly revenue to nearly $100bn “Nvidia delivered a beat-and-raise quarter, but the real positive was the earnings call,” said Ben Barringer, head of technology research at Quilter Cheviot.Investors came into the results with a laundry list of concerns around competition, the durability of AI spending, memory costs, margins, financing arrangements, open-source models and China. Management did a good job of systematically addressing each one.The headline numbers were strong,…
Source: www.theguardian.com