Nvidia's record-breaking profits are boosting the SOX index and NASDAQ index.
Last week, the SOX index rose by 5%, the NASDAQ index by 1%, and the S&P index remained flat.
Despite high expectations from investors, the company's performance surpassed expectations. Nvidia's performance and guidance both exceeded the high expectations with revenues of around 1.5 billion dollars.
Kumar stated that earnings for the quarter significantly exceeded market expectations, and management guidance provided further details on the upcoming launch of the new Blackwell chip, scheduled for full operation around the October quarter. He continued to emphasize that Blackwell boasts customers like , with strong demand for Hopper, exceeding Nvidia's supply capacity in the short to medium term, positioning Nvidia as the premier high-speed computing and next-gen AI supplier. $Amazon (AMZN.US)$ 、 $Alphabet-C (GOOG.US)$ 、 $Meta Platforms (META.US)$ 、 $Microsoft (MSFT.US)$ Kumar highlighted that, with customers like , strong demand for Hopper, and exceeding Nvidia's supply capacity in the short to medium term, he views Nvidia as the top-tier high-speed computing and next-gen AI supplier.
Kumar pointed out that after Microsoft Build, AI PCs also made headlines in the news.
According to analysts, $Qualcomm (QCOM.US)$ the X Elite series, equipped with Copilot+, is said to provide electrical utilities to new PCs and offer significantly improved battery life compared to x86 alternatives.
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