Posted 2/20/2024, 7:01:48 PM
Nvidia Poised for Blockbuster Q4 Earnings Thanks to Booming Data Center AI Chip Demand, But Faces Growing Competition
- Nvidia to report Q4 earnings on Wednesday, expected to show revenue up 234% year-over-year to $20.4 billion
- Growth driven by data center segment revenue expected to reach $17.2 billion, up from $3.62 billion last year
- Success owed to surge in demand for AI chips from companies like Meta ordering 350,000 Nvidia H100 chips
- Facing challenges from rivals like AMD and Intel investing in their own AI chips, and customers looking to develop in-house
- Outlook positive but restricted sales to China and custom chip demands from big customers introduce uncertainty