Benzinga
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Nvidia's ($NVDA@US) stock surged toward a $1 trillion market cap after it announced a strong forecast. This comes from a rise in demand for the company's graphics processors (GPUs), which power AI applications in tech giants like Google ($GOOGL@US), Microsoft ($MSFT@US), and OpenAI. Nvidia predicts $11 billion in sales in the current quarter, surpassing analyst estimates of $7.15 billion. CEO Jensen Huang attributed this growth to the advent of generative AI and the critical role of GPUs in AI applications, displacing the traditionally dominant CPUs. Nvidia anticipates continued growth with data center components potentially becoming a $1 trillion market.

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