Nvidia CEO Highlights His Company As AI Lynchpin: 'Every Single Time You Interact With ChatGPT…'
Portfolio Pulse from Ananya Gairola
Nvidia Corporation's CEO, Jensen Huang, during the Q4 earnings call, expressed optimism for the company's future, highlighting its strong position in the data center business due to industry-wide transitions to accelerated computing and generative AI. He introduced the concept of AI generation factories, emphasizing Nvidia's role in powering applications like ChatGPT with its AI supercomputers. The CFO, Colette Kress, noted that 40% of data center revenue was for AI inference, underscoring the company's significant growth and strong financial performance, including a revenue beat of $22.10 billion and a non-GAAP EPS of $5.16 for Q4 2024.
February 22, 2024 | 4:17 am
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POSITIVE IMPACT
Nvidia's Q4 earnings call highlighted its strong position in the data center and AI sectors, with significant revenue growth and optimism for future expansion.
Nvidia's optimistic outlook, strong Q4 financial performance, and strategic positioning in the AI and data center markets are likely to positively influence investor sentiment and potentially drive up NVDA's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100