Nvidia Stock Is Surging. Wall Street Likes It as an AI Play.


stock surged higher in premarket trading Thursday as investors and analysts welcomed the chip maker’s earnings and the growth opportunities presented by AI. 

The semiconductor company beat earnings expectations, reporting adjusted earnings per share of 88 cents on revenue of $6.05 billion. Wall Street had been expecting 81 cents per share on revenue of $6.02 billion, according to FactSet.