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slash Wall Street.

Chipmaker Invidia delivers a record quarter and a sign of the staying power of the AI boom.

The next Industrial Revolution has begun. Plus, China launches new military drills around Taiwan saying its punishment for

separatist acts and the Justice Department seeks to break up live nation's ticketing monopoly.

It's Thursday, May 23rd.

I'm Luke Varkas for the Wall Street Journal,

and here is the AM edition of What's News?

The top headlines and business stories moving your world today.

Shares of Invidia have surpassed the $1,000 mark for the first time after the chipmaker

reported a more than tripling of sales in the last quarter adding to signs that the a i boom

is nowhere near letting up journal reporter aisa fitch covers the semiconductor industry

for us a cia you have been court-side for what can only be said to be an incredible period of growth

for NVIDIA over the last year. I'm looking at these top-line numbers here, revenues rising to $26 billion for the quarter.

Net profit closing in on 15 billion compared to just 2 billion a year ago.

It's hard to see much of anything here to be disappointed with.

Yeah, the boom continues for NVIDIA.

A year ago, they were doing roughly $7 billion of revenue per quarter, and now they're

forecasting 28 billion results on the top line and bottom line that far exceeded analyst's expectations.

And the company also announced that it was more than doubling its dividend and it said it was doing

...