Nvidia Corp. (NASDAQ:NVDA) disclosed exceptional earnings and outlook bolstered by its expanding AI division, significantly surpassing market predictions.
The chipmaker’s shares soared about 20% in the two sessions following the earnings announcement on Feb. 21, propelling Nvidia’s market capitalization beyond the $1.9 trillion mark.
This remarkable ascent in Nvidia’s stock value propelled the broader stock market to unprecedented levels, with the S&P 500 index breaking the 5,100-point barrier and the Nasdaq 100 index surpassing the 18,000-point threshold.
Nvidia Rally Winners
Amid Nvidia’s record-breaking performance, particularly in AI, several stocks and ETFs were positioned to benefit. Notable mentions included C3.ai (NASDAQ:AI), Advanced Micro Devices Inc. (NASDAQ:AMD), and specific ETFs with exposure to Nvidia and related tech sectors.
AI Factories’ Future
Jensen Huang, CEO of Nvidia, predicted “AI factories” would revolutionize industries globally by …
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