This quote from the movie The Art of Racing in the Rain, exemplifies Nasdaq listed chip maker Nvidia’s status today. While globally companies and investors brace for a slowdown as recessionary clouds gather, the sun is shining bright on Nvidia. And there may also be a more enduring message to take note of from its results. Its Q1 results in which revenue beat expectations by 10 per cent, was overshadowed by the 52 per cent beat in its Q2 revenue guidance. Thus while they are going big on cost cuts, simultaneously they also appear to be investing big in AI.

Source: The Hindu May 29, 2023 07:42 UTC