Nvidia is talk of the town at AI events leading into this week’s earnings
Publishing timestamp: 2024-05-21 12:41:13
Summary
Nvidia is at the center of the AI boom, with companies like Google, Microsoft, Meta, and others spending heavily on Nvidia chips. Nvidia's revenue growth is expected to exceed 200% for the third straight quarter, with analysts projecting significant increases in both revenue and net income. The company's stock has soared, and experts believe that Nvidia's position in the AI market is similar to Cisco's role in the internet buildout of the 1990s. Despite concerns about a potential slowdown in growth, Nvidia is expected to maintain a strong position in the AI accelerator market.
Sentiment: POSITIVE
Tickers: MSFT, META, AAPL, BRK.A, NVDA, CSCO, AMZN, GOOGL,
Keywords: mobile, meta platforms inc, mark zuckerberg, amazon.com inc, technology, breaking news: technology, jensen huang, alphabet inc, sundar pichai, business news, cisco systems inc, business, nvidia corp, microsoft corp, apple inc,