Can Chip Giant Nvidia Keep Up the AI Momentum?

USAThu Nov 21 2024
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Nvidia's latest earnings report was nothing short of impressive, but investors seem to have high expectations. The AI chip leader raked in a record $35. 08 billion in revenue, a 94% increase from last year. Earnings per share doubled to 81 cents, surpassing estimates. Despite these wins, the stock dipped in after-hours trading due to slightly low guidance for the next quarter. CEO Jensen Huang highlighted the early stages of the AI revolution, with their chips expected to stay in high demand through 2025 and beyond.
The upcoming Blackwell chip is already in full production and will start shipping in the next fiscal year. Supply constraints might delay some sales, but Nvidia remains confident in their long-term outlook. Investors shouldn't worry about minor setbacks; the real story is Nvidia's position at the forefront of AI innovation.
https://localnews.ai/article/can-chip-giant-nvidia-keep-up-the-ai-momentum-bac8143b

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