Nvidia's Oct-Dec Results Reflects Its Future As Chip Maker Scrambles To Meet AI Demand

Nvidia is set to continue its incredible, blazing trajectory across the stock market with its sales tripling more than three times in the fourth quarter of 2023. Earnings surged more than eightfold with results exceeding analyst expectations. The strong results were on the back of a boom in Artificial Intelligence (AI) with chipmakers scrambling to meet demand. CEO Jensen Huang described AI as hitting "the tipping point" and indicated demand for the computing power that underlies AI remained astronomical. "Demand is surging worldwide across companies, industries and nations," he said.