Nvidia Ignites $260 Billion AI Rally After ‘Blow-Out’ Forecast

Source: finance.yahoo.com finance.yahoo.com

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(Bloomberg) — Nvidia Corp.’s (NVDA) forecast for surging revenue surprised even the most bullish analysts on Wall Street, propelling the chipmaker to the cusp of a $1 trillion market capitalization and igniting a global jump in stocks linked to artificial intelligence. Most Read from Bloomberg The Santa Clara, California-based company gained as much as 29% in extended US trading, on course for a record high, after saying it expects about $11 billion of sales in the three months ending July. That gain puts Nvidia on track also to rack up the biggest one-day valuation jump in US company history. Nvidia,...