From Nasdaq: 2024-06-09 14:30:00

Nvidia impresses with stellar first-quarter results, beating estimates thanks to AI data center segment, generating $22.6 billion in revenue. The company accelerates AI chip adoption with H100 GPUs, transitioning to H200 chips for superior performance. A 10-for-1 stock split aims to broaden retail investor access, despite supply challenges and competitive pressures from AMD and Intel. Geopolitical tensions impact export restrictions in China and Middle East, affecting international market growth. Nvidia faces product obsolescence risks with accelerated chip launches, potentially cannibalizing older products. Despite warnings, Nvidia’s innovative approach and market disruption make it an appealing investment option, but competition and pricing challenges loom.



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