Nvidia Soars on Blockbuster Earnings and Rosy Outlook for AI Dominance

• Nvidia recently reported blockbuster Q4 2023 earnings with 265% year-over-year sales growth and 769% profit growth, crushing expectations • The company provided strong Q1 2024 guidance of $24 billion in sales, a 234% increase • Nvidia unveiled its next-gen Blackwell AI chips, including the powerful GB200 for transformer-based AI, receiving huge pre-orders • The company is transitioning to a platform provider through new subscription software like Nvidia Inference Microservice • Nvidia controls 75% of the AI chip market and its dominance and growth are likely to continue with new products coming