Nvidia earnings surpass expectations amid AI chip boom

LiveNOW’s Mike Pache is speaking with Madison Alworth from Fox Business as chipmaker Nvidia’s quarterly results surpassed Wall Street analysts' expectations. They say this boom is largely due to massive demand for its high-end AI chips. On Wednesday the company said it earned $58.32 billion, or $2.39 per share, in the February-April period, up from $18.78 billion, or 76 cents per share, in the same period a year earlier. According to The Associated Press, revenue jumped 85% to $81.62 billion from $44.01 billion.