Nvidia is talk of the town at AI events leading into this week’s earnings

Ahead of Nvidia's quarterly earnings report on Wednesday, the chipmaker has found itself at the center of AI events hosted by OpenAI, Google and Microsoft.

Nvidia is expected to report year-over-year revenue growth in excess of 200% for a third straight quarter, with analysts projecting a fiscal first-quarter bump-up of 243% to $24.6 billion, according to LSEG. More than $21 billion of that is expected to come from Nvidia's data center business, which includes all the advanced processors the company is selling to Google, Microsoft,

Elsewhere, OpenAI is relying on Nvidia's technology for its latest chatbot, GPT-4o. Meta announced plans in March to buy and build out computers that will include 350,000 Nvidia GPUs, costing Growth rates have since accelerated. But starting in the second quarter, expansion is expected to slow, with analysts anticipating significant deceleration in each of the next three periods.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stocks making the biggest moves midday: Disney, Nvidia, Ferrari, Datadog and moreThese are the stocks posting the largest moves in midday trading.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Here are other AI stocks vulnerable to profit taking as Druckenmiller sells some NvidiaNvidia is far from the only AI stock that's run too far too fast
La source: CNBC - 🏆 12. / 72 Lire la suite »

Billionaire Cuts Investment in Nvidia, Says AI May Be OverhypedScience and Technology News and Videos
La source: futurism - 🏆 85. / 68 Lire la suite »