Nvidia stock falls despite strong EPS, but remains optimistic about future growth and market dominance
From Nasdaq: 2024-12-03 17:31:20
Nvidia sees stock fall despite doubling EPS in Q3. The chipmaker faces high expectations but remains optimistic about future catalysts and market dominance in AI. CEO Jensen Huang highlights the potential for agentic AI and the upcoming release of Blackwell superchips. Wall Street awaits results eagerly.
Nvidia participates in UBS Global Technology and AI Conference to showcase industry leadership and future growth potential. Analysts predict massive growth in AI market, with PwC estimating $15.7 trillion added to global economy by 2030. Nvidia remains at the forefront of AI innovation with continued investment in infrastructure.
Nvidia set to release powerful Blackwell superchips amid high demand. CEO Jensen Huang describes demand as “staggering,” with samples already in the hands of major clients. Wall Street anticipates successful launch and higher revenue than expected. Focus shifts to agentic AI development, highlighting potential value of AI in real-world applications.
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Read more at Nasdaq: 3 Reasons to Buy Nvidia Stock as the UBS Global Technology and AI Conference Gets Underway