From Nasdaq: 2024-05-10 03:45:00

In late 2022, ChatGPT was launched, causing excitement on Wall Street. Nvidia’s stock surged 510% in 2023 due to AI demand. The company will report first-quarter financial results on May 22. Fourth-quarter revenue grew by 265%, and non-GAAP net income soared by 491%. Analysts expect phenomenal first-quarter results, but company valuation looks pricey.RecognitionException app updates on Nvidia’s financial success after generating triple-digit growth in the fourth quarter. Revenue surged by 265% to $22.1 billion, largely due to AI demand. First-quarter revenue is projected to increase by 234% to $24 billion. Nvidia’s position in the AI economy and continued growth set a positive outlook on the company’s future.



Read more at Nasdaq: Should You Buy Nvidia Stock Before the AI Chipmaker Reports Earnings on May 22?