2024-05-23 06:21:56

Nvidia's Surge: Analysts React to Earnings, AI Chip Plans, and Stock Split

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As Nvidia prepares for its first-quarter earnings report, analysts are hurriedly revising price targets, driving the company's stock prices higher. The leading AI-chip maker is expected to unveil a fivefold increase in net income, fueled by the anticipated success of its H100 and H200 processors, with plans to release new AI chips annually.

Nvidia's recent profitability exceeding Google parent Alphabet showcases its market dominance and financial prowess. Additionally, Dell's recent win in securing Tesla's AI-server business has analysts optimistic, expecting substantial revenue boosts and improved growth rates for the company.

Finally, Nvidia's announcement of a 10-for-1 stock split aims to democratize stock ownership and capitalizes on the company's AI leadership and financial achievements.

The Street
23. Mai 2024 um 11:49

Analysts update Dell stock price targets on Tesla-server win

Technology
Economy
Finance
Analysts have updated their price targets for Dell Technologies after the company won a large portion of Tesla's AI-server buildout business. The analysts believe that this deal could potentially generate $2.5 billion to $3 billion in revenue for Dell and contribute to a structural lift in the company's underlying revenue growth rate. Dell's success in the AI server market, along with the inflecting storage demand and improving PC market, makes it the preferred choice for investors.
The Street
22. Mai 2024 um 22:49

Analysts race to revamp Nvidia price targets ahead of earnings

Technology
Finance
Economy
Analysts are rushing to adjust their price targets for Nvidia ahead of its first quarter earnings report, causing the company's shares to rise. Nvidia, a leading AI-chip maker, has seen significant market value growth and is expected to report a fivefold increase in net income compared to the previous year. Analysts anticipate strong demand for Nvidia's H100 and H200 processors, with the company expected to release its new line of AI graphics-processing units later this year.
The Verge
22. Mai 2024 um 22:37

Nvidia will now make new AI chips every year

Technology
Economy
Finance
Nvidia plans to release new AI chips annually instead of every two years to match the demand for AI technology. The company's CEO, Jensen Huang, announced the shift during the Q1 2025 earnings call.
heise online
22. Mai 2024 um 22:01

Nvidia achieves profit surpassing Google parent Alphabet | heise online

Technology
Finance
Economy
Nvidia continues to see increasing revenues and has achieved a net profit of 14.9 billion US dollars in the last quarter. The revenue and profit have increased by 262% and more than six times, respectively, compared to the previous year. Nvidia even surpasses the Google parent Alphabet in terms of net profit.
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