All eyes are on Nvidia as it prepares to report its earnings. Here’s what to expect

Nvidia has led the artificial intelligence boom to become one of the stock market’s biggest companies, as tech giants continue to spend heavily on the company’s chips and data centers needed to train and operate their AI systems. The company is now worth over $3 trillion, with its dominance as a chipmaker cementing Nvidia’s place as the poster child of the AI industry ahead of the release of its latest financial results Wednesday.

Demand for generative AI products that can compose documents, make images and serve as personal assistants has fueled sales of Nvidia’s specialized chips over the last year, but Wall Street is also looking for any indication that AI demand is waning.

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AMD is becoming an AI chip company, just like NvidiaAMD’s AI GPU sales just went from a billion dollars cumulatively to a billion dollars quarterly. Nearly half the company’s sales are now data center products.
Source: verge - 🏆 94. / 67 Read more »