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Nvidia Soars as AI Market Surges | Business and Finance News
Description
Nvidia’s soaring momentum continues as revenue is projected to jump 70% next fiscal year, fueled by CEO Jensen Huang’s bold bet that AI chip demand won’t slow until 2028. Rumors swirl of a $12.9B acquisition of Hugging Face—days after its hack triggered chaotic AI agent activity. Meanwhile, Asian chipmakers ride the Nvidia wave, with South Korea’s KOSPI surging despite rate hikes. Globally, oil slips for the fourth day amid peace talks, while gold and crypto surge on “dollar debasement” bets. Upcoming earnings from Marvell and RBC, plus Eurozone data, promise another volatile market day.
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