Nvidia shares rise as strong Intel results confirm robust AI chip demand

11 articles · Updated · The Motley Fool · Apr 24

Nvidia stock climbed 4.9% by noon ET after Intel reported $0.29 earnings per share and $13.6 billion in sales, both beating expectations.
Intel's 7% year-over-year sales growth and positive outlook for Q2 signal continued strong demand for AI chips, boosting investor confidence ahead of Nvidia's upcoming earnings report.
Nvidia, a major AI chip supplier, benefits from ongoing industry investment despite concerns about profitability among its largest customers, with projected 40% earnings growth over the next five years.

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