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MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Latest stubborn U.S. inflation reading will bring about more 'wait and see' from the Fed

Nvidia's AI Demand Is Off The Charts. Is the Stock a Buy?

Keithen Drury, The Motley Fool
·3 min read
Nvidia's AI Demand Is Off The Charts. Is the Stock a Buy?

Nvidia's (NASDAQ: NVDA) latest results fit this description perfectly, although the key focus of its report was its outlook. Before this quarter, Nvidia struggled to drum up demand for its graphics processing units (GPUs) thanks to a weak PC market. This headwind is still raging, as GPUs used for crypto mining and gaming continue to struggle -- gaming revenue was down 38% to $2.24 billion in Q1 of FY 2024 (ending April 30).

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