Financial results for the fourth quarter will be released by Nvidia on Wednesday after the bell.
It is anticipated to complete one of the most unprecedented years for a major corporation. Sales for the quarter that ended in January are expected to reach $38 billion, a 72% increase on an annual basis.
Nvidia’s sales more than doubled in the second fiscal year, which will conclude with the January quarter.
This impressive trend is fuelled by the fact that Nvidia’s data centre graphics processing units, or GPUs, are crucial pieces of equipment for creating and implementing AI services like ChatGPT from OpenAI.
With a market valuation of more than $3 trillion, Nvidia has become the most valuable corporation in the United States at times, with its stock rising 478% in the last two years.
However, as investors wonder where the semiconductor business may go from here, Nvidia’s stock has stalled in recent months.
Source (CNBC)
