Nvidia's CEO highlights new chip demand, with potential for growth in Q4

From Nasdaq: 2024-10-08 09:37:00

Nvidia’s CEO, Jensen Huang, highlights the demand for the new Blackwell chip, aiming to triple innovation and drive growth. Stock has been steady, but three catalysts could fuel a rise in Q4.

Macro conditions buoy Nvidia as interest rate cuts and strong job data influence investors. Lower rates may boost AI investment and stock valuation, aiding Nvidia’s growth.

AI events in Q4, including Nvidia’s summit and Tesla’s robotaxi unveiling, could propel stock higher. Increase in generative AI excitement and funding support indicate growth potential in AI applications.

Blackwell chip rollout expected to bring in billions for Nvidia in Q4, sustaining growth and advancing generative AI. Demand is high, but delay in purchase decisions expected before release to capitalize on new tech capabilities.

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Read more at Nasdaq: Nvidia Stock: 3 Reasons the AI Superstar Can Move Higher in Q4