People didn't have high expectations of Nvidia's stock considering how bad the market has been. However, its recent financial report shows another blockbuster quarter, with the AI chip maker getting a 62% increase in revenue year-on-year to reach $57 billion (£43 billion).
Nvidia's earnings were mostly from its data-centre division which stands at the core of its AI business and it grew to $51 billion (£38 billion). In total, the recent movements gave Nvidia fourth quarter forecasts as high as $65 billion (£49 billion).
