Nvidia Crushes Earnings Expectations, But Can AI Boom Continue?
Wall Street closed in mixed trade on August 26th, ahead of Nvidia's highly anticipated earnings report.
The Dow Jones Industrial Average fell by 113.52 points, or 0.21%, to finish at 53,463.88.
Nvidia's earnings served as a testbed for the AI investment frenzy, with investors looking for signs that demand for AI chips could continue.
Nvidia exceeded market expectations with quarterly sales of $96.22 billion, breaking its own record for consecutive quarter-over-quarter growth.