Nvidia earnings boomed and the CEO touted the "next industrial revolution." Will the AI chip leader lift the market rally?
(Bloomberg) -- US equity futures rallied following upbeat earnings from Nvidia Corp. released after the New York close, which reinforced optimism for the global artificial-intelligence boom.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 CrashTech Up in Late Hours as Nvidia Emboldens AI Bulls: Markets WrapThe chipmaker said second-quarter revenue
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.