Nvidia Exceeds Revenue Forecasts, Anchors AI Health

2 months ago

Isabelle Lee

"We have to look at Nvidia. Shares are edging higher by almost 4%. They delivered a surprisingly strong revenue forecast and really just pushed back on any idea that the AI industry may be in a bubble. So this eased a lot of concerns and Nvidia has really become just a barometer of AI health. I mean I think the both both of them have become synonymous over time. So sales is expected to be about 65 billion in the January quarter. That's 3 billion higher than analysts expected. And Nvidia also said that they have around half a trillion dollar revenue bonanza in the coming quarters which is also even bigger than expected."

Isabelle Lee highlights Nvidia's strong revenue forecast and positions the company as a barometer for the AI industry. The forecast beats analyst expectations and a significant revenue bonus is expected in coming quarters, despite potential headwinds from China.

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