Nvidia: The Market Is Wrong

Summary:

  • Nvidia Corporation released impressive Q3 earnings, with revenues increasing by 205.6% YoY to $18.12 billion.
  • The demand for AI chips continues to accelerate, with Nvidia’s data center revenues surpassing Intel and AMD combined.
  • Nvidia is powering the ongoing generative AI revolution and is ahead of its competition in terms of GPU technology.

Graphics Chip Maker Nvidia Reports Quarterly Earnings

Justin Sullivan

NVIDIA Corporation (NASDAQ:NVDA) has released a stellar Q3 earnings report and announced an upbeat guidance in recent days. Despite this, its shares depreciated after the results were revealed and currently trade below the $500 per share


Analyst’s Disclosure: I/we have a beneficial long position in the shares of NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Bohdan Kucheriavyi and/or BlackSquare Capital is/are not a financial/investment advisor, broker, or dealer. He's/It's/They're solely sharing personal experience and opinion; therefore, all strategies, tips, suggestions, and recommendations shared are solely for informational purposes. There are risks associated with investing in securities. Investing in stocks, bonds, options, exchange-traded funds, mutual funds, and money market funds involves the risk of loss. Loss of principal is possible. Some high-risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including greater volatility and political, economic, and currency risks and differences in accounting methods. A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.

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