The Nvidia chipmaker giant registered an income growth in the last three sequential quarters of more than 200%. Also, the chipmaker's ability to exceed rates is at progressively higher risk as each achievement encourages Wall Street to upgrade its goals even further.
The chipmaker titan’s CEO Jensen Huang emphasized the requirement for Nvidia's strong graphics processors that have transformed into the pistols of generative AI technology, such as OpenAI’s ChatGPT. He portrayed the chipmaker market demand at a press conference: “You have more on more on more”.
Also, Jensen Huang validated the delay of the Nvidia next-generation Blackwell chips until the fourth quarter but minimized the effect, declaring customers were procuring the current Hopper chips.
The new tech industry has all eyes on the giant chipmaker Nvidia outcomes, whose stock has increased by more than 150% this year, increasing its market value by $1.82 trillion and raising the S&P 500 to new possibilities. If Nvidia's share drop from Wednesday after-hours is maintained, the chipmaker is expected to lose $175 billion in market value.
The predictions could provoke new concerns about the sluggish payouts from generative AI investments, which some Nvidia investors fear could lead new tech titans to reconsider the billions of dollars they are investing in data centers.
Nvidia investors and major customers - Microsoft, Alphabet, Amazon, and Meta Platforms are foreseen to invest more than $200 billion in capital expenditures this year, and the majority of it is destined for building AI infrastructure.
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