Nvidia: This Is Only The Beginning
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NVIDIA Corporation's Q3 earnings report revealed a 93.6% year-over-year revenue increase, primarily due to data center growth. The company is well-positioned to dominate the AI chips market amid the generative AI revolution, with the market projected to reach $1.20 trillion by 2032. Despite geopolitical risks, NVIDIA's lack of strong competition and the increase in Blackwell shipments suggest significant upside potential for its stock.
December 05, 2024 | 5:15 pm
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NVIDIA's Q3 earnings report highlights a 93.6% revenue increase, driven by data center growth. The company is poised to dominate the AI chips market, with significant upside potential despite geopolitical risks.
NVIDIA's strong Q3 earnings and its strategic position in the growing AI chips market suggest a positive outlook for its stock. The lack of formidable competition and the increase in Blackwell shipments further support this potential. However, geopolitical risks remain a concern.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100