Nvidia Fuels Bets on AI Trade

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Nvidia, the chipmaker at the heart of the artificial intelligence boom, said revenue will grow about 70% next fiscal year, easing concerns that AI spending is poised to lose momentum. The projected sales growth for fiscal 2028 outstrips analysts’ estimates for a 45% jump, according to data compiled by Bloomberg. Nvidia shares rose as much as 7.6% to $225.50 after trading got underway in New York on Thursday, adding about $362 billion in market value. The stock was already up 12% this year through Wednesday’s close. On today’s episode: Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence Matthew O’Neill, Co-Producer & Co-Director, ‘Can’t Look Away: The Case Against Social Media’ Nina Trentmann, Bloomberg News Senior Editor and CFO Briefing Editor & Eric Aboaf, CFO and EVP at S&P Global Patrick Pan, Global Head of Marketing at X-Lab See omnystudio.com/listener for privacy information.