AI chip leader Nvidia topped even Wall Street's elevated "whisper numbers" with its fiscal first quarter results and guidance.
Nvidia gapped to record highs after first-quarter results beat estimates yet again late Wednesday. On Tuesday, the AI leader teamed up with Magnificent Seven software leader Microsoft to make the latest AI software available on Nvidia's graphic processing units. Nvidia shares rose past an alternate buy point last week from a handle after the Google AI Conference showed different ways in which artificial intelligence will improve search.
Cloud revenue surpassed revenue from licensing and support services operations in the most recent quarter.