From Nasdaq:

1. The demand for Nvidia’s AI GPUs is surging, leading to long wait times for delivery. Meta Platforms expects to receive 350,000 H100 graphics cards by the end of 2024, noting a 33% increase over last year. Omdia estimates that 500,000 H100 units were shipped in the third quarter of 2023, signaling strong growth for Nvidia.

2. Nvidia’s capacity expansion efforts are driving stronger growth. Omdia forecasts that Nvidia will exceed 500,000 units of H100 processors in the final quarter of 2023. Nvidia has consistently beaten Wall Street’s earnings estimates, with stock surging by 233% in the past year. Analysts predict strong revenue and earnings growth for 2024.

3. TSMC is expected to double its AI chip manufacturing capacity in 2024, signaling a significant increase in Nvidia’s revenue and earnings. Analysts forecast 57% revenue increase to $93 billion and a 67% earnings jump for fiscal 2025. Investing in Nvidia right now could be a smart move, given positive growth expectations and a forward earnings discount.



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