Nvidia earnings boomed and the CEO touted the "next industrial revolution." Will the AI chip leader lift the market rally?
(Bloomberg) -- US equity futures advanced following robust results from Nvidia Corp. released after the New York close. Asian stocks dropped following losses in broader US shares earlier on Wednesday.Most Read from BloombergThese Flight Routes Suffer the World’s Worst TurbulenceNvidia Delivers on AI Hype, Igniting $140 Billion Stock RallyCiti Trader Got 711 Warning Messages Before Sparking Flash CrashOne Dead After Singapore Air Flight Hit By Severe TurbulenceBenchmark indexes declined in Austra
Nvidia's quarterly results blew away estimates again on Wednesday, and as the company moves to its next-generation chips its CEO sees supply, not demand, serving as its biggest challenge.