Nvidia stays in the driver’s seat and focuses on machine learning

Nvidia (NVDA) is enjoying a solid ride powered by a focus on niche technologies. The chipmaker, based in Santa Clara, California, still has room to run.

Shares rose nearly 10% to $ 35.57 on Friday morning after a solid first quarter fiscal quarter was reported after hours on Thursday.

Nvidia posted sales of $ 1.3 billion on earnings of 46 cents per share, beating Wall Street’s estimates of $ 1.15 billion in sales and 32 cents per share. The second quarter of the chip maker …

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