Nvidia Reports 262% Sales Increase, Shares Surpass $1,000 Amid AI Boom

May 22, 2024, 09:22 PM

Nvidia has reported a remarkable 262% increase in sales, driven by the ongoing boom in artificial intelligence (AI). The company's profits have soared, highlighting its dominance in the AI chip market. Nvidia's shares have also surpassed $1,000 for the first time, reflecting investor confidence in the company's growth prospects. The surge in demand for AI power has led to a 600% increase in Nvidia's profits, underscoring the continuing strength of the AI sector. According to CNBC, Nvidia's stock symbol is $NVDA.