How Machine Learning Fueled Nvidia Stock’s 15% Jump
Nvidia used to be a little company making graphics chips for PCs, but it’s well on the way to transforming into one of the leading computing platforms for cloud servers, machine learning, and artificial intelligence. Fortunately for Nvidia, it turns out that the kinds of tasks graphics chips are good at—like processing many, many simple calculations at the same time—are just what’s needed to run analysis programs in a cloud data center, steer a self-driving car, or pilot an automated drone. Thursday brought more evidence that the company’s successful transition is in full swing. Nvidia nvda reported third quarter results that blew through Wall Street expectations, and its stock price, which had already doubled this year, rose another 15% in after-hours trading. Revenue of $2 billion was up 54% from…
Link to Full Article: How Machine Learning Fueled Nvidia Stock’s 15% Jump
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