Nvidia has reported a surge in third-quarter profit and sales as demand for its specialized computer chips that power artificial intelligence systems remains robust.

Nvidia may have exceeded Wall Street estimates as its profit jumped — buffeted by the chipmaking dominance that has cemented Nvidia’s place as the poster child of the artificial intelligence boom — but investors seemed less than impressed.

The state of California is partnering with tech giant Nvidia to help train California students, college faculty, developers and data scientists in artificial intelligence.

Tech giant Nvidia is now worth over $3.2 trillion, with its dominance as a chipmaker making it the poster child of the artificial intelligence boom.

Nvidia’s startling ascent in the stock market reached another milestone Tuesday as the chipmaker rose to become the most valuable company in the S&P 500.

Nvidia’s stock price has more than doubled this year after more than tripling in 2023 and it’s now the third most valuable company in the S&P 500.

Nvidia overshot Wall Street estimates as its quarterly profit skyrocketed, bolstered by the chipmaking dominance that has made the company an icon of the artificial intelligence boom.

The CEO of chipmaker Nvidia views Malaysia as a potential hub for artificial intelligence “manufacturing.”.

Shares of Nvidia, already one of the world’s most valuable companies, have soared after the chipmaker forecast a huge jump in revenue.

LONDON – Graphics chip maker Nvidia said Monday it plans to build Britain's fastest supercomputer that healthcare researchers can use to work on medical problems including COVID-19. Nvidia, based in Santa Clara, California, said it will spend 40 million pounds ($52 million) on the supercomputer, dubbed Cambridge-1, which will consist of 80 Nvidia systems and is expected to be online by the end of the year. Nvidia CEO Jensen Huang said Cambridge-1 will be available to healthcare researchers using artificial intelligence to working on urgent medical challenges. “Tackling the world’s most pressing challenges in healthcare requires massively powerful computing resources to harness the capabilities of AI,” Huang said. Cambridge-1 would be ranked the world’s 29th most powerful supercomputer and the most powerful in the U.K., the company said.