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Nvidia’s AI-fuelled rocket ship draws acclaim and doubters

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The explosive growth of Nvidia, which made Wall Street history this week has invited questions from investors around how long its dominance of the AI chip market can last.

In a staggering post-earnings charge on Friday AEDT, Nvidia shares catapulted 16.4 per cent, adding $US277 billion to its market capitalisation – the most ever achieved in one day for a Nasdaq stock.

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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com

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    Original URL: https://www.afr.com/technology/nvidia-s-ai-fuelled-rocket-ship-draws-acclaim-and-doubters-20240223-p5f7bf