{"id":5770,"date":"2023-02-24T09:04:28","date_gmt":"2023-02-24T09:04:28","guid":{"rendered":"https:\/\/businessner.com\/?p=5770"},"modified":"2023-02-24T09:30:08","modified_gmt":"2023-02-24T09:30:08","slug":"artificial-intelligence-fuels-up-nvidias-stock-rally","status":"publish","type":"post","link":"https:\/\/businessner.com\/artificial-intelligence-fuels-up-nvidias-stock-rally\/","title":{"rendered":"Artificial Intelligence Fuels Up Nvidia Stock Rally"},"content":{"rendered":"
Microchip designer and software giant Nvidia<\/a> might have been reporting a 21% decline in revenue for the fourth quarter of 2022 or some $60.5 million drop in earnings but why are its stocks outperforming other gaming and microchip manufacturers globally?<\/p>\n The obvious answer is the public’s interest in Artificial Intelligence.<\/p>\n Nvidia Founder and CEO Jensen Huang remains optimistic that its early investments in AI are now coming to fruition and driving its revenues for the rest of 2023.<\/p>\n Huang also highlighted the potential of the company to rake in profits from the $600 billion market for AI chips as well as bank on the imagination of the public that is so enamored by the capabilities of AI technologies like ChatGPT.<\/p>\n