Tag: Nvidia results

NEW YORK:Shares of AI bellwether Nvidia rose 4.3% to hit a record high on Thursday, lifting tech shares around the world, after the company forecast quarterly revenue that smashed expectations and announced a $25 billion buyback plan.The results, reported late on Wednesday, signaled that Wall Street's artificial intelligence rally still has legs.Shares of Nvidia rose to $491.2, surpassing an all-time high they hit earlier this week, and added about $50 billion to the valuation of the company that became the first trillion-dollar chip firm earlier this year.Nvidia's market...