Nvidia reported record quarterly earnings, driven by strong demand for its AI chips. The company's stock surged 12% in after-hours trading, reaching a new all-time high.
Nvidia's stock surged 5% following the announcement of its new AI chip, which is expected to drive significant revenue growth in the coming quarters.
Microsoft reported strong earnings, with Azure cloud revenue up 25% year-over-year, driven by increased demand for AI services.
Microsoft's Azure cloud division saw a 30% year-over-year revenue increase, fueled by enterprise AI adoption and new partnerships with major tech firms.
Nvidia's stock has surged following the release of its latest AI chips, with analysts predicting strong demand from data centers and AI companies.
Microsoft has reported record earnings for its cloud and AI divisions, driven by increased adoption of Azure and Copilot across enterprise customers.