"Nvidia's CEO Sees AI at Tipping Point, Fuels Revenue Growth"

Nvidia's chief executive, Jensen Huang, declared that artificial intelligence (AI) has reached a "tipping point" as the company reported a staggering 265% increase in revenues to $22bn in the last quarter. The chip maker also forecasted a 233% jump in quarterly revenues for the current quarter, surpassing analysts' expectations. The surge in demand for AI and accelerated computing, along with rapid growth in data center sales, contributed to Nvidia's record-breaking performance, despite challenges such as supply chain constraints and increased trade restrictions with China. The company's stock market value has soared by 225% over the last year, solidifying its position as one of the most valuable companies in the US.