2024-11-21 05:40:09
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Nvidia's Impressive Growth Amid Challenges
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The Street
Analysts update Nvidia stock price target ahead of earnings TheStreet Daily Newsletter
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Economy
Nvidia, the $3.6 trillion AI-chip maker, is set to report Q3 earnings on Nov. 20. Analysts have raised price targets, citing strong demand for Nvidia's new Blackwell GB200 GPU, which is 2.5x faster than its legacy H100 Hopper chips for training large language models like OpenAI's ChatGPT. However, Nvidia has faced overheating issues with Blackwell, requiring server rack redesigns. Nvidia's top customers include Google parent Alphabet, software giant Microsoft, and electric vehicle maker Tesla...
The Street
Analysts weigh in on Nvidia earnings amid bets on big stock price swing TheStreet Daily Newsletter
Technology
Finance
Economy
Nvidia, the AI-chip leader, faces near-term headwinds from Blackwell processor delays and supply constraints, but long-term growth prospects remain strong. Its major customers have committed $200 billion in AI-related spending. Analysts expect Nvidia to report a $2 billion Q3 revenue beat and $2 billion Q4 guide higher, fueling the AI spending wave seen at companies like Palantir.
focus
Nvidia's Outlook the Problem - The Most Expensive Company in the World Delivers Spectacular Numbers - And Still Loses
Economy
Technology
Finance
Nvidia, the world's most valuable company with a market capitalization of $3.61 trillion, achieved a record net profit of $19.3 billion on revenue of $35.1 billion and a sensational gross margin of 75% in the 3rd quarter. However, the outlook for the 4th quarter fell short of the most optimistic forecasts. Supply chain bottlenecks for the new Blackwell series and the Hopper generation as well as stronger competition from Microsoft, Alphabet and Amazon's AWS could put pressure on profit margins...
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