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Jensen Huang: The Billionaire Behind Nvidia’s Rise as an AI Chip Powerhouse
On May 25, Nvidia (NVIDIA) released its financial report for the first quarter of fiscal year 2024 (Editor’s Note: Nvidia’s fiscal year is nearly a year earlier than the natural year), and achieved revenue of US$7.192 billion during the period, a year-on-year decrease of 13%. For other companies, this is definitely bad news that will cause investors to sell stocks, but on the day the financial report was released, Nvidia’s stock price soared by nearly 30%, and its market value increased by more than 200 billion US dollars. The reason why the market is bullish on this stock is because the financial report shows that in the first three months…