0851 GMT - Nvidia's blockbuster second-quarter figures and strong growth projections add renewed impetus to stocks exposed to artificial intelligence after a volatile few months, Kathleen Brooks, research director at XTB, writes in a note. Second-quarter revenue more than doubled to $96.22 billion, while net profit also more than doubled to $59.69 billion. "With revenues this big, and demand for its products getting bigger every month, it will be a brave trader who will bet against Nvidia in the aftermath of this report. For now, the company has proven that criticism of its investment and financing model for AI is overblown," Brooks says. Nvidia shares are up 7.4% premarket at $225.14.
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