All posts tagged "USa"

Israel Stuns Brazil in 2023 FIFA U-20 World Cup Quarter-Final Tie

Israel Stuns Brazil in 2023 FIFA U-20 World Cup Quarter-Final Tie

Sport5 hours ago

Israel Stuns Brazil in 2023 FIFA U-20 World Cup Quarter-Final Tie
Boiler Room Electronic Music Festival Takes Over Woodbine Park on June 3

Boiler Room Electronic Music Festival Takes Over Woodbine Park on June 3

Entertainment22 hours ago

Boiler Room Electronic Music Festival Takes Over Woodbine Park on June 3
US Assures NDLEA of More Support to Combat Illicit Drug Trafficking

US Assures NDLEA of More Support to Combat Illicit Drug Trafficking

News2 days ago

US Assures NDLEA of More Support to Combat Illicit Drug Trafficking

Meet Los Angeles Times Fellow Astrid Kayembe

Meet Los Angeles Times Fellow Astrid Kayembe

News2 days ago

Meet Los Angeles Times Fellow Astrid Kayembe
Is Your Credit Card Debt Too Much? Here’s How to Tell

Is Your Credit Card Debt Too Much? Here’s How to Tell

Business3 days ago

Is Your Credit Card Debt Too Much? Here’s How to Tell
Coldplay to Perform Four Nights in Manchester for Music of the Spheres Tour

Coldplay to Perform Four Nights in Manchester for Music of the Spheres Tour

Entertainment3 days ago

Coldplay to Perform Four Nights in Manchester for Music of the Spheres Tour

Conservatives are Outraged about Chick-fil-A’s Diversity, Equity, and Inclusion Program

Conservatives are Outraged about Chick-fil-A’s Diversity, Equity, and Inclusion Program

Politics3 days ago

Conservatives are Outraged about Chick-fil-A’s Diversity, Equity, and Inclusion Program
The E Street Band: 51 Years and Counting

The E Street Band: 51 Years and Counting

Entertainment4 days ago

The E Street Band: 51 Years and Counting
Reactions trail Nigeria’s 16th President

Reactions trail Nigeria’s 16th President

Politics4 days ago

Reactions trail Nigeria’s 16th President

Could the New COVID Variant Spell Trouble for Global Travel?

Could the New COVID Variant Spell Trouble for Global Travel?

News4 days ago

Could the New COVID Variant Spell Trouble for Global Travel?
Health: Human metapneumovirus, the respiratory virus that flew under everyone’s radar this season

Health: Human metapneumovirus, the respiratory virus that flew under everyone’s radar this season

General news4 days ago

Health: Human metapneumovirus, the respiratory virus that flew under everyone’s radar this season
$Nvidia the world s largest manufacturer of computer graphics cards exceeded Wall Street s expectations in its Q1 earnings report on Wednesday posting better than expected results and offering impressive guidance for Q2 As a result the company gained nearly 25 in aftermarket trading adding almost 200 billion to its market value Although the company reported a YoY decline in revenue this was expected due to the difficult comparisons faced in its gaming segment Instead all eyes were on the data center segment which reflects the growing demand for AI chips since ChatGPT s launch last year Nvidia s data center revenue increased by 14 YoY and 18 QoQ to reach a record 4 28 billion leading the company s management to forecast increased demand for AI capabilities According to Nvidia s CEO Jensen Huang a trillion dollars of installed global data center infrastructure will transition from general purpose to accelerated computing as companies race to apply generative AI into every product service and business process These comments were backed up by the company s guidance for Q2 with predicted revenue of 11 billion up 64 YoY and 53 QoQ The data center segment and demand for AI are expected to drive this significant growth The impressive results and guidance from Nvidia also had a positive knock on effect for other AI stocks C3 ai gained 8 2 in after hours trading while Advanced Micro Devices AMD also rose 8 2 The latter is considered to be a beneficiary of the AI chip demand boom but its graphics processing units GPUs are generally seen as less powerful than Nvidia s AMD s data center revenue was flat in the quarter and only amounted to 1 3 billion a fraction of Nvidia s revenue Although Nvidia s coattails are strong enough to give these stocks a significant boost investors should be wary of the hype generated around AI and the potential for a significant collapse in stock prices Nvidia s chips are considered essential providing the core technology necessary for the emergence of generative AI products and even tech giants such as Microsoft and Alphabet rely heavily on the company Nvidia s CFO Colette Kress highlighted the growth in the data center business which reflects strong demand from large consumer internet companies and cloud service providers Although Nvidia s stock is expensive the Q1 results have demonstrated that Wall Street may still be underestimating the company s potential in the AI boom Nvidia s dominant market share in high value AI chips for generative AI products is unlikely to change anytime soon as they continue to innovate with new products like the Hopper GPU architecture While AI is inflating other stocks Nvidia is likely to benefit no matter which generative AI products emerge victorious As such it may be the only AI stock investors need to consider Suzanne Frey an executive at Alphabet is a member of The Motley Fool s board of directors The Motley Fool has positions in and recommends Advanced Micro Devices Alphabet Microsoft and Nvidia and recommends C3 ai The Motley Fool is a USA TODAY content partner offering financial news analysis and commentary designed to help people take control of their financial lives Its content is produced independently of USA TODAY Credit fool comENND$
The AI-Driven Boom Continues: Nvidia Surges on Record Data Center Sales and Strong Guidance

$Nvidia the world s largest manufacturer of computer graphics cards exceeded Wall Street s expectations in its Q1 earnings report on Wednesday posting better than expected results and offering impressive guidance for Q2 As a result the company gained nearly 25 in aftermarket trading adding almost 200 billion to its market value Although the company reported a YoY decline in revenue this was expected due to the difficult comparisons faced in its gaming segment Instead all eyes were on the data center segment which reflects the growing demand for AI chips since ChatGPT s launch last year Nvidia s data center revenue increased by 14 YoY and 18 QoQ to reach a record 4 28 billion leading the company s management to forecast increased demand for AI capabilities According to Nvidia s CEO Jensen Huang a trillion dollars of installed global data center infrastructure will transition from general purpose to accelerated computing as companies race to apply generative AI into every product service and business process These comments were backed up by the company s guidance for Q2 with predicted revenue of 11 billion up 64 YoY and 53 QoQ The data center segment and demand for AI are expected to drive this significant growth The impressive results and guidance from Nvidia also had a positive knock on effect for other AI stocks C3 ai gained 8 2 in after hours trading while Advanced Micro Devices AMD also rose 8 2 The latter is considered to be a beneficiary of the AI chip demand boom but its graphics processing units GPUs are generally seen as less powerful than Nvidia s AMD s data center revenue was flat in the quarter and only amounted to 1 3 billion a fraction of Nvidia s revenue Although Nvidia s coattails are strong enough to give these stocks a significant boost investors should be wary of the hype generated around AI and the potential for a significant collapse in stock prices Nvidia s chips are considered essential providing the core technology necessary for the emergence of generative AI products and even tech giants such as Microsoft and Alphabet rely heavily on the company Nvidia s CFO Colette Kress highlighted the growth in the data center business which reflects strong demand from large consumer internet companies and cloud service providers Although Nvidia s stock is expensive the Q1 results have demonstrated that Wall Street may still be underestimating the company s potential in the AI boom Nvidia s dominant market share in high value AI chips for generative AI products is unlikely to change anytime soon as they continue to innovate with new products like the Hopper GPU architecture While AI is inflating other stocks Nvidia is likely to benefit no matter which generative AI products emerge victorious As such it may be the only AI stock investors need to consider Suzanne Frey an executive at Alphabet is a member of The Motley Fool s board of directors The Motley Fool has positions in and recommends Advanced Micro Devices Alphabet Microsoft and Nvidia and recommends C3 ai The Motley Fool is a USA TODAY content partner offering financial news analysis and commentary designed to help people take control of their financial lives Its content is produced independently of USA TODAY Credit fool comENND$
The AI-Driven Boom Continues: Nvidia Surges on Record Data Center Sales and Strong Guidance

Business5 days ago

The AI-Driven Boom Continues: Nvidia Surges on Record Data Center Sales and Strong Guidance

Billie Eilish Claps Back at Critics for Criticizing Her Evolving Style

Billie Eilish Claps Back at Critics for Criticizing Her Evolving Style

Entertainment5 days ago

Billie Eilish Claps Back at Critics for Criticizing Her Evolving Style
NBA Finals to be Streamed Live on Sling TV

NBA Finals to be Streamed Live on Sling TV

Sport5 days ago

NBA Finals to be Streamed Live on Sling TV
Media Tycoon Raymond Dokpesi Confirmed Dead at 70

Media Tycoon Raymond Dokpesi Confirmed Dead at 70

News5 days ago

Media Tycoon Raymond Dokpesi Confirmed Dead at 70

Philadelphia 76ers hire Nick Nurse as head coach

Philadelphia 76ers hire Nick Nurse as head coach

Sport5 days ago

Philadelphia 76ers hire Nick Nurse as head coach
Here’s How Much Cheapest MLB Tickets Cost for Different Teams

Here’s How Much Cheapest MLB Tickets Cost for Different Teams

Sport6 days ago

Here’s How Much Cheapest MLB Tickets Cost for Different Teams
The Disappearance of the 15th President of Nigeria

The Disappearance of the 15th President of Nigeria

Politics6 days ago

The Disappearance of the 15th President of Nigeria

Southampton host Liverpool in final Premier League game before relegation

Southampton host Liverpool in final Premier League game before relegation

Sport7 days ago

Southampton host Liverpool in final Premier League game before relegation
LATVIA’S HOCKEY TEAM FIGHTS FOR FIRST MEDAL IN 2023 IIHF WORLD CHAMPIONSHIP

LATVIA’S HOCKEY TEAM FIGHTS FOR FIRST MEDAL IN 2023 IIHF WORLD CHAMPIONSHIP

Sport7 days ago

LATVIA’S HOCKEY TEAM FIGHTS FOR FIRST MEDAL IN 2023 IIHF WORLD CHAMPIONSHIP

Page 1 of 9112 3 4 5 Next ›Last »

NNN

Israel Stuns Brazil in 2023 FIFA U-20 World Cup Quarter-Final Tie

Boiler Room Electronic Music Festival Takes Over Woodbine Park on June 3

US Assures NDLEA of More Support to Combat Illicit Drug Trafficking

Meet Los Angeles Times Fellow Astrid Kayembe

Is Your Credit Card Debt Too Much? Here’s How to Tell

Coldplay to Perform Four Nights in Manchester for Music of the Spheres Tour

Conservatives are Outraged about Chick-fil-A’s Diversity, Equity, and Inclusion Program

The E Street Band: 51 Years and Counting

Reactions trail Nigeria’s 16th President

Could the New COVID Variant Spell Trouble for Global Travel?

Health: Human metapneumovirus, the respiratory virus that flew under everyone’s radar this season

The AI-Driven Boom Continues: Nvidia Surges on Record Data Center Sales and Strong Guidance

Billie Eilish Claps Back at Critics for Criticizing Her Evolving Style

NBA Finals to be Streamed Live on Sling TV

Media Tycoon Raymond Dokpesi Confirmed Dead at 70

Philadelphia 76ers hire Nick Nurse as head coach

Here’s How Much Cheapest MLB Tickets Cost for Different Teams

The Disappearance of the 15th President of Nigeria

Southampton host Liverpool in final Premier League game before relegation

LATVIA’S HOCKEY TEAM FIGHTS FOR FIRST MEDAL IN 2023 IIHF WORLD CHAMPIONSHIP