Nvidia results show its growing lead in AI chip race

Feb Nvidia Corp (NVDA.O) is expected to emerge as the biggest - though not the only - winner among chipmakers after years of focusing on the technology has made it a go-to supplier for tech firms.

AI has emerged as a bright spot for investments in the tech industry, whose slowing growth has led to widespread layoffs and a cutback on experimental bets.

The surge in interest helped Nvidia report better-than-expected quarterly earnings on Wednesday and forecast sales above beat Wall Street expectations, in stark contrast to a projected loss and dividend cut from rival Intel Corp (INTC.O).