The invidious position of Nvidia in the AI boom

Nvidia's CEO, Jensen Huang. (Image: Getty)

Tue, 03 Sep 2024

A company’s share price rarely gets whacked after beating earnings expectations, yet Nvidia managed that distinction in the latest US earnings season. The video game chipmaker-cum-artificial intelligence (AI) engine more than doubled both June quarter revenue and profit but still managed to attract sighs of disappointment as the share price dropped on Wall Street. Not that they’ve come too much off the boil. At US$119.37 (NZ$191.07) a share, the chipmaker is still valued at US$2.93 trillion, behind more familiar names like...

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