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It’s a good day for the artificial intelligence sector. New partnerships and earnings reports from AI-related companies lifted sentiment which had been battered by fears over AI hitting companies from software to real estate and logistics.
The biggest news was Nvidia’s earnings. The world’s most valuable company reported better-than-expected fiscal fourth-quarter results after the bell Wednesday stateside, clocking 75% revenue growth in its core data center business. The stock rose 1.4% in extended trading.
CEO Jensen Huang in an interview with CNBC’s Becky Quick said that demand for computing was “off the charts” as AI tech rapidly advances.
