New York CNN —The stock market has boomed this year, and one big reason is a company without much name recognition — unless you’re a hard core video gamer.
Nvidia (NVDA) has surged 222% this year, including a 3% bump Thursday following super impressive earnings.
But Nvidia is by far the most sought-after AI stock.
Revenue went from $6.7 billion in the second quarter last year to $13.5 billion this year.
The results were even stronger than the $11.2 billion in revenue that Wall Street analysts expected.
Persons:
it’s, Jacob Bourne, Raj Joshi
Organizations:
New, New York CNN, Nvidia, Meta, Nasdaq, Revenue, Wall, Federal Reserve, ”, Intelligence, Moody’s Investors Service
Locations:
New York, Santa Clara , California