Posted 2/21/2024, 12:56:14 PM
Nvidia Forecasts Massive Earnings Growth on Booming AI and Data Center Demand
- Nvidia's Q4 earnings expected to show massive 234% revenue growth to $20.4B, driven by AI and data center demand
- Data center revenue forecasted to jump 370% to $17.2B, becoming Nvidia's largest business segment
- Gaming revenue still growing, expected to increase 50% to $2.7B
- High expectations have prompted Wall Street analysts to boost Nvidia price targets to $800-$865
- Competition heating up as rivals AMD, Intel, and Nvidia customers develop their own AI chips