NVIDIA's Record Quarter Signals AI Boom Isn't Slowing

NVIDIA reported $96.2 billion in quarterly sales — double a year ago — and expects 70% growth next year (Reuters, Aug. 26). Shares jumped 7% to $225.20, set to add about $295.7 billion in company value. The news rallied chip stocks and lifted global markets, outweighing worries over the Middle East and the Federal Reserve.