Ever since Nvidia first revealed to the world how much it expects to profit from the rise of artificial intelligence in May 2023, the chipmaker has been the poster child of the AI-fueled stock market rally that has propelled the S&P 500 to historic highs. So much so, in fact, that each of the company's earnings releases since then has been considered a make-or-break moment for market momentum, with investors around the world biting their nails, hoping for more positive news from the company that quite literally powers the AI revolution. And so far, Nvidia has always delivered. On Wednesday, the company reported results for the third quarter of its fiscal year 2025 and once again it managed to beat Wall Street's lofty expectations. And yet, perhaps because investors are increasingly anxious over AI's staying power or because revenue growth slowed from 200+ percent to "just" 94 percent, Nvidia shares fell after the announcement and were down more than 3 percent in pre-market trading on Thursday.[...]
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63 sats \ 2 replies \ @BlokchainB 22 Nov
Competition is coming
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155 sats \ 1 reply \ @0xbitcoiner OP 22 Nov
This ?
Competition Is Coming to Nvidia, Says J.P. Morgan’s Michael Cembalest
https://www.institutionalinvestor.com/article/2dpwzrg0nyby9w56vr6dc/portfolio/competition-is-coming-to-nvidia-says-j-p-morgans-michael-cembalest
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75 sats \ 0 replies \ @BlokchainB 22 Nov
“McKinsey has projected that AI will contribute about $8 trillion to the global economy each year. But Cembalest appears skeptical. “For adequate returns on AI infrastructure to materialize, within the next 12 to 18 months we will need to see a greater shift in favor of “inference” tasks (AI used to run production models for corporate customers) rather than GPU capacity primarily being used to train foundational models and chatbots,” he says.”
8 trillion?!?? How where?
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