Nvidia (NVDA) released its third-quarter earnings report Tuesday afternoon after the closing bell, once again beating Wall Street expectations. Third-quarter revenue increased 34% from the prior quarter and is up 206% year-over-year, reflecting the massive rise in demand for AI models and chips.
While concerns loom over the Chinese market and recent US restrictions over semiconductor chip exports, it doesn’t seem like much is in the way of this company’s dominating presence. Wedbush Managing Director and Senior Equity Analyst Dan Ives joins Yahoo Finance to discuss Nvidia’s dominance in the tech sector and outline what is in store for the company’s future.
“It shows that this AI gold rush is as real as we’ve ever seen from a monetization perspective. This is one not just in terms of Nvidia, in terms of where I believe this stock continues to head up into the right, it’s what it meets broader tech,” Ives explains. “This shows monetization is now here, use cases are exploding, the China worries were essentially overblown and I think contained, and that’s why I think this morning the bears go back into their dark caves hibernation mode.”
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WATCHING FROM INDIA SIR 🎉🎉
This guy always has a smug look
Folks with a position in Nvidia also have smug look on. The bigger their position, the smugger the look. And rightfully so. lol
NVDA 🚀🐂
next SBF
Bigger than that. It’s a well organized and used all the tricks of creating customers “AI Datacenter” startups to avoid been questioned about sales. When these “AI startups” fail it will be on them. By then NVDA will have made billions selling hardware at those crazy margins, few millions of investments in startups failing is no problem. Other VCs investing and twisting arm of other AI Startups to use these datacenters don’t mind folding of either company. All investors are making money left and right trading NVDA stock. This will continue for next few quarters.
Check e bay. Ahhh
He sells chips to Ai companies. He’s not the Don of Ai.
crushes earnings again and the stock goes red, its over valued for the year
Can you elaborate please
It’s not rocket science. NVDA is now under 80%+ institutional control. There’s a chain of command.