Nvidia revenue more than triples as AI hits 'tipping point'
PALO ALTO, California -- U.S. chipmaker Nvidia reported another quarter of blockbuster earnings Wednesday, with more revenue growth expected in 2024 amid soaring demand for chips powering artificial intelligence.
"Accelerated computing and generative AI have hit the tipping point," Jensen Huang, founder and CEO of Nvidia, said in an earnings release. "Demand is surging worldwide across companies, industries and nations."