Nvidia in the AI market
Challenges for Big AI companies
Alphabet Google’s parent company’s share price dropped by 14%, Amazon fell by 8% and Microsoft fell by 7% all these big companies lost their stock prices within a month, this is because these companies spent money to improve their Artificial Intelligence (AI) technology. Billions of dollars were invested by them to improve their AI skills, but there is no positive response from the customers or investors who use their AI technology. This has had a very bad effect on investors, now they are worried about what will happen next
Role of Nvidia’ in the AI Market
With powerful computer chips made by the Nvidia company, maybe Nvidia could change the situation. Big companies like Google, Microsoft, and Amazon all are focused on their software, but Nvidia’s power chips may also play a main role in the AI segment. To run AI systems, it is very important to use Nvidia’s chip in their systems. Financially Nvidia doing great and their chips are high in demand. Earning a report from Nvidia is also very important. There will be a very negative impact on the AI market if Nvidia’s financial report is not as per investors’ expectations.
Last year’s Nvidia growth
In the last year, Nvidia’s growth has been great. For example, $13.5 billion in revenue in the most recent quarter by Nvidia, which was double the year earlier. $10.3 billion was revenue from its data centers, which means its AI, is 141% more than the previous year. $26 billion was the total revenue for the last quarter. It is more than three times than the year before. Expert’s expectation from Nvidia is $28.6 billion, 112% more than last year. Investors may not worry about their expectations because it is less than Nvidia’s profit last year.
Nvidia Experts Choice
Experts think the company will do well even though Nvidia might not perform well as compared to earlier years. Nvidia stock receives a buy rating from many investors. Investors accept about company’s strong position. Timothy Arcuri a recent report from a UBS analyst expresses that TSMC, which makes Nvidia’s chips, has good results in its high-performance computing area. This clearly shows Nvidia had a bright future ahead.
Nvidia’s chips are already used in AI projects. This is Nvidia’s biggest advantage which makes a difference. On the other hand, Boss companies like Microsoft, Google, and Amazon are still working on their AI software, and Nvidia chips may play a very important role in their AI technology. The demand for Nvidia chips is going to increase in the coming time
Positive Conclusion about Nvidia
Big companies like Microsoft and Google are indifferent to AI technology and on the other hand, Nvidia is making a splash by giving its strong performance and better results day by day. Although Nvidia’s stock was a bit disturbed and went down a bit, the coming time belongs to Nvidia as experts are saying in the AI sector
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Hello, My name is Gurvinder Singh, born in Punjab, India, completed my Bachelor of Commerce (B.Com) degree from Panjab University. Apart from my professional pursuits, I had a keen interest in finance-related hobbies. I actively manages my investment portfolio, carefully researching and analyzing various stocks and market trends to make informed financial decisions. With a goal of financial empowerment and wealth accumulation, I dedicated to continuous learning and improvement in my financial endeavors.
