RV_ Posted May 25, 2023 Report Share Posted May 25, 2023 Excerpt: "Shares of Nvidia (NVDA) rocketed more than 26% on Thursday, as the graphics chip maker rides the generative AI explosion. The rip higher comes after the company reported better-than-expected first-quarter earnings Wednesday, and pointed to a dramatic acceleration in data center revenue in the current quarter. Nvidia is the leading AI chip maker thanks to years of investments in AI technologies. And according to Raymond James managing director Srini Pajjuri, the company isn’t going to lose that title anytime soon. “There’s only one supplier of GPUs, and Nvidia has been investing in this market for the last 10 years. They not only have the chips, they have the systems, the software, it’s a full stack solutions company,” explained Pajjuri. “In the short term, Nvidia is the only game in town,” he said. NVIDIA Corporation (NVDA) View quote details NasdaqGS - Nasdaq Real Time Price (USD) 379.80 +74.42(24.37%) At close: 4:00PM EDT 378.80 -0.99 (-0.26%) After hours: 7:49PM EDT Nvidia beat analysts’ expectations on the top and bottom line in Q1 thanks to its data center business, which brought in $4.2 billion in revenue versus the $3.9 billion Wall Street was anticipating. That was better than the same quarter last year when the company reported data center revenue of $3.8 billion." More in the article here: https://finance.yahoo.com/news/theres-an-ai-war-and-nvidia-is-the-only-arms-dealer-analyst-174654030.html Quote RV/Derekhttp://www.rvroadie.com Email on the bottom of my website page.Retired AF 1971-1998 When you see a worthy man, endeavor to emulate him. When you see an unworthy man, look inside yourself. - Confucius “Those who can make you believe absurdities, can make you commit atrocities.” ... Voltaire Link to comment Share on other sites More sharing options...
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