WASHINGTON, DC - SEPTEMBER 27: NVIDIA founder, President and CEO Jensen Huang speaks about the ... [ ] future of artificial intelligence and its effect on energy consumption and production at the Bipartisan Policy Center on September 27, 2024 in Washington, DC. Huang said that machine learning uses a large amount of energy but that artificial intelligence will save energy in the long run due to it's efficient computing abilities. Founded in California in 1993, NVIDIA is the world's most valuable publicly traded company, with a market capitalization of over $3.3 trillion. (Photo by Chip Somodevilla/Getty Images)
Nvidia — the designer of 90% of chips used for artificial intelligence — reported a surge in revenue for the October-ending quarter, according to the New York Times.
The company’s stock price fell more than 2% in after-hours trading in light of Nvidia’s slower-than-expected revenue forecast and potentially declining margins, noted MarketWatch. Yet in November 21 pre-market trading, optimistic analysts sent the stock up nearly 2% — before it fell slightly Thursday morning.
Nvidia shares could be a buy........