6) The recovery of the gaming segment also gained ground and while revenue was down 38% year over year.
5) Nvidia's data center revenue (which includes AI chips), climbed 14% year over year to a new record, while increasing 18% since last quarter.
4)The results were driven by surging demand for the processors that power artificial intelligence (AI) applications.
3) For its fiscal 2024 first quarter (ended April 30), Nvidia generated revenue of $7.2 billion, down 13% year over year.
2) It started last Thursday, Shares of Nvidia charged sharply higher jumping as much as 26.4%.
1)Nvidia Corporation's share price has been going up recently, as the rise of generative AI should have a positive impact on its growth prospects for the short term and long term.
7 reasons why NVIDIA shares are increasing | 7 reasons why NVIDIA shares are increasing