NVIDIA's data center business has an overwhelming advantage over competitors
This article uses automatic translation for some of its parts
US semiconductor manufacturer $NVIDIA(NVDA.US$The 24Q3 (August/10) financial results were announced on the 21st. Sales were 18.12 billion dollars, up 205.5% from the same period last year. Among them, driven by AI demand, sales in the data center business increased 279% from the same period last year to 14.514 billion dollars, accounting for 80.1% of sales.
Bankame analyst Vivek Arya believes that NVIDIA is currently only in the first quarter of converting its approximately $250 billion compute infrastructure to computing centered on acceleration and artificial intelligence. He also predicts that EPS could rise from $32 to $40 in 2027.
Rosenblatt analyst Hans Mosesmann evaluated NVIDIA's performance and guidance as “excellent,” and pointed out that the Grace Hopper superchip (latest product H200) is already positioned as a “multi-billion dollar business” next year. Also, he once again expressed his buy rating and target stock price of 1100 dollars.
Meanwhile, it is a major competitor $Advanced Micro Devices(AMD.US$Sales for data centers were 1,598 billion dollars, down 0.68% from the same period last year, $Intel(INTC.US$Data center and AI sales were 3.814 billion dollars, down 9.38% from the same period last year. NVIDIA is equivalent to about 3 times the total sales of Intel and AMD from the same business.
AMD and Intel each have AI products from the “Instinct MI” series (latest product MI300X) and the “Gaudi” series.
AMD and Intel each have AI products from the “Instinct MI” series (latest product MI300X) and the “Gaudi” series.
This article uses automatic translation for some of its parts
Source: Each company's official website, Seeking Alpha
moomoo news - Citron
Source: Each company's official website, Seeking Alpha
moomoo news - Citron
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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チョコ好き : I was worried because stock prices were falling after the financial results were settled, but this is good news.