Nvidia euphoria: Wall Street begins to rise due to good results from the chip manufacturer

The main indices of the united states stock market They started the day on the rise, due to the results achieved by Nvidia at the end of the third quarter.
The supplier of chips for artificial intelligence (AI) processors presented results on Wednesday night and reported that its profits increased 65%, totaling US$31.91 billion.

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The market had already gotten ahead of itself on Wednesday morning and the company’s shares had closed with a rise of 5.16%. Today before 10 am, the Nvidia share price has risen more than 5%.

“Computing demand continues to accelerate and multiply in both training and inference, growing exponentially in both cases. We have entered the virtuous circle of AI. The AI ecosystem is scaling rapidly, with more creators of basic models, more AI startups, in more sectors and in more countries,” said Jensen Huang, the CEO of Nvidia.

“AI is present everywhere, doing everything, simultaneously,” he added.

The S&P500 was trading in the morning with a variation of +0.38%, the Dow Jones at +1.32% and the Nasdaq at +2.2%.

Drivers of Nvidia’s results

The company reported revenue of $57 billion, up 66% from the previous year with profits of $31.91 billion, driven by demand for AI solutions.

In addition, Nvidia anticipates a year-end with revenues higher than analyst estimates.

Among the growth factors is the global demand for AI. The rise of applications such as ChatGPT, Gemini and Copilot has triggered the need for high-performance chips. Likewise, the AI infrastructure division (data centers) became the main driver of profits.

Added to this was the company’s technological innovation: Nvidia maintains a competitive advantage with its next-generation graphics processors, essential for training AI models.

With the results achieved, Nvidia has dispelled fears about a possible “AI bubble”, showing that investment in this technology continues to expand. The results strengthen investor confidence and mark a milestone in the global digital transformation.

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