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Nvidia stock surges as revenue forecast tops estimates, AI demand continues

Economic TimesEconomic Times · 6m
Nvidia stock surges as revenue forecast tops estimates, AI demand continues

Nvidia's Q4 revenue is expected to increase by three times, surpassing estimates, driven by strong demand for its AI chips. The company dominates the global market for AI chips, counting Microsoft as one of its customers. The stock market value of Nvidia and other AI-related companies rose by $160 billion. However, concerns are raised about the sustainability of this growth rate. Nvidia's Q1 revenue is forecasted to grow 233% and its data center segment reported an impressive growth of 409%. Despite supply chain challenges, improvements are expected as Taiwan Semiconductor Manufacturing increases its packaging capacity. Nvidia's Q4 revenue was $22.10 billion, beating estimates, and its stock has gained over 30% this year.

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