Shares of artificial intelligence (AI) chipmaker Nvidia surged in after-hours trading on Nov. 19 after the company reported better-than-expected results, reaffirming the market’s enthusiasm for the new technology.
In its fiscal third-quarter earnings, Nvidia reported record revenue of $57 billion, beating the market consensus of $54.92 billion. This represented a 22 percent increase from the previous quarter and a 62 percent spike from the same time a year ago.
