One of the problems of being at the top is that often there is nowhere to go but down.
US semiconductor giant Nvidia has continued rapid growth in the past year and a half, undoubtedly leading in both the booming artificial intelligence (AI) market and the stock market. In the earnings report for the August-October quarter announced in the afternoon of the 20th, annual revenue surpassed the milestone of 100 billion dollars (about 15.5 trillion yen) for the first time, more than double compared to a year ago. The market capitalization is 3.6 trillion dollars, exceeding Apple by more than 100 billion dollars.
The final point is particularly symbolic. The excitement surrounding Nvidia's GPUs for data center image processing surpasses the hype of the release of the previous new iPhone. However, it is not all good news. The difficulties in fully meeting the expectations that have pushed the company to become the most valuable in the world are likely to continue. Nvidia's earnings for the August-October period exceeded Wall Street's expectations in all aspects, and the outlook for the November-January period was the same. However, the difference between the company's forecast and the market consensus forecast is the smallest since the expansion of its AI business began in May of last year, in the earnings reports...