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Briefing

Nvidia Shares Jump 25% as Generative AI Adoption Surges

By
Kevin McLaughlin
· · Source: The Information

Shares of Nvidia rose nearly 27% after the chip maker  revealed a startlingly rosy revenue forecast for its current quarter that CEO Jensen Huang, on an earnings call, chalked up to growing adoption of large language models by companies big and small. Nvidia said it expects revenue of $11 billion for its July quarter, plus or minus 2%. The $11 billion figure would represent 64% growth from...

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