Posted 2/21/2024, 10:00:00 AM
Nvidia Faces Big Expectations, Fiercer Competition Ahead of Earnings
- Nvidia is the major supplier of AI chips to big tech companies like Microsoft, Meta, Google, Amazon, and Oracle
- Analysts expect Nvidia's Q4 revenues to triple year-over-year to $20.4 billion
- Nvidia's stock price has surged nearly 200% over the last year, though it fell recently
- Nvidia is seeing more competition as rivals develop their own AI chips and cheaper alternatives
- Some analysts think expectations and Nvidia's valuation are overly optimistic, warning the "bubble" could soon burst