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Nvidia shares set record as Volta chips ensure future growth

Reuters 

By Supantha MukherjeeREUTERS - Shares of Nvidia Corp hit a record on Friday, after it posted stellar quarterly results powered by higher demand for graphics chips used in gaming and data centers, and the rapid adoption of its new Volta chips for AI and driverless cars.Shares of the chipmaker rose about 6 percent in morning trade on Friday - hitting a record of $217.18. Nvidia's gaming revenue in the latest quarter blew past Wall Street estimates but it was the data center business, the driver of future growth, that made analysts stand up and take notice as revenue in the unit more than ...

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First Published: Fri, November 10 2017. 21:04 IST
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