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Chicago Sun-Times

National

Michael Liedtke | AP Technology Writer

Nvidia’s rising star gets even brighter with another stellar quarter propelled by sales of AI chips

Nvidia Jensen Huang Dan Ives Stacy Rasgon Amazon Apple

Nvidia stock jumped 6% in extended trading after the numbers came out. The shares already have more than tripled this year, a run-up that has boosted Nvidia’s market value to $1.2 trillion. (Associated Press)

SAN FRANCISCO — Computer chip maker Nvidia has rocketed into the constellation of Big Tech’s brightest stars while riding the artificial intelligence craze that’s fueling red-hot demand for its technology.

The latest evidence of Nvidia’s ascendance emerged with Wednesday’s release of the company’s quarterly earnings report. The results covering the May-July period exceeded Nvidia’s projections for astronomical sales growth propelled by the company’s specialized chips — key components that help power different forms of artificial intelligence, such as Open AI’s popular ChatGPT and Google’s Bard chatbots.

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