Nvidia Corp.’s earnings are drawing nearer, and yet another analyst is feeling upbeat heading into the upcoming report.
“Given the pushout of [Advanced Micro Devices Inc. AMD, +0.97% ]’s MI300X, we believe Nvidia has been able to source increased [chip on wafer on substrate] capacity at Taiwan Semiconductor Manufacturing Co. TSM, -0.59%, ” Vinh said.Also, Nvidia plans a fall launch of its L40S GPU for small- to medium-sized model training and inferencing with competitive performance versus its A100. That debut will be significant given tech restrictions related to China.
Shares of Nvidia were up 2.6% in premarket trading Monday after having logged declines in each of the prior three sessions. Nvidia shares are up 196% on a year-to-date basis, compared with a 37% gain in the PHLX Semiconductor Index SOX and a 14% rise in the S&P 500 index SPX, and a 27% rise in the tech-heavy Nasdaq Composite COMP over the same span.
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