RE: LeoThread 2024-11-19 11:14
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Nvidia must show Blackwell chip can drive growth in earnings report
Nvidia is on a historic run as its GPU chips are the technology industry's tool of choice for making and deploying generative artificial intelligence software.
Despite rising competition, Nvidia holds 80% of the fast-growing market for artificial intelligence chips as the tech industry's graphics processing unit, or GPU, of choice for making and deploying generative AI software.
What investors will want to see when Nvidia reports its third-quarter earnings on Wednesday is whether it can continue to grow at a fierce rate, even as the boom in AI enters its third year.
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Nvidia is entering "uncharted territory" as it attempts to continue growing on a $3.5 trillion market cap, wrote HSBC analyst Frank Lee in a report this week.
"We have pondered this amazing growth trajectory and not only do we see no signs of a slowdown, we expect further upside in 2026 data center momentum," Lee said in his note. He has a buy rating on the stock.
Future growth will have to come from Blackwell, its next-generation chip that has just started shipping to end-users such as Microsoft, Google and OpenAI. More important than Nvidia's third-quarter results will be what the company says about demand for the Blackwell chip.
Nvidia CEO Jensen Huang will likely update investors about how that is shaping up on Wednesday, and he will potentially address reports that some of the systems based on Blackwell chips are experiencing overheating issues.
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AI truly is booming and from everything I've watched the CEO of Nvidia say about Agentic AI and the next chips they want to develop, I believe this is going to be one of the greatest companies on earth, they'll keep bringing more innovation
It is coming.