πŸ’Ή Nvidia Dominates… Again πŸ’° Unlock AI’s Life-Changing Wealth πŸ€·β€β™‚οΈ Why Not Giving a Fuck Is the New Flex

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Nvidia Reports 88% jump in Revenue and Tops Estimates, Driven by Demand For AI Chips – CNBC

The company beat estimates in the 2nd quarter and issued optimistic guidance. β€”Earnings were $2.70 a share, versus $2.09 expected. Revenue was $13.51 billion versus $11.22 billion expected. β€”The company said it expected third-quarter revenue of about $16 billion vs. $12.61 billion forecasted. β€”Nvidia’s guidance suggests, sales will grow 170% in the current quarter. β€”Its board of directors also authorized $25 billion in share buybacks.

Stocks Overvaluing AI, Bill Gross Warns: Investors Risk Disappointment β€” Insider

Investors have piled into technology stocks like Nvidia, Microsoft, and Tesla this year, as they expect artificial intelligence to revolutionize the US economy. The stock market has priced in those high hopes, putting investors at risk if the nascent tech doesn’t live up to their expectations, Bill Gross has warned.

AI Chip Startups Eye Nvidia’s Crown, But It’s A Long Shot β€” Marketwatch

Right now, Nvidia is the biggest provider of graphics unit processors (GPUs) that are used as AI accelerators, and its fiscal second-quarter results Wednesday are expected to prove that. Rival chip makers Advanced Micro Devices Inc. AMD and Intel Corp. INTC are both working on entries to grab a piece of that lucrative pie, but their chips are not available yet, and Nvidia cannot currently keep up with demand.



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