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Nvidia Sees AI Boost

2023-02-24 14:37:13    来源:www.bvrcn.com Brand Value Network

Nvidia Sees AI Boost

 

Nvidia announced the company's fourth-quarter and full-year financial results for fiscal year 2023 on February 23, Beijing time. Nvidia’s revenue and adjusted earnings per share in the fourth quarter of fiscal year 2023 both exceeded Wall Street analysts’ previous expectations, and the performance of the entire fiscal year 2023 also exceeded expectations. At the same time, Nvidia's outlook for the first quarter revenue of fiscal year 2024 also exceeded expectations, driving its after-hours stock price to rise sharply by more than 7%. The news certainly boosted the tech sector.


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Nvidia is increasingly optimistic about the future of artificial intelligence (AI), helped by ChatGPT being the ultimate water cooler discussion point this year.


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It’s been ages since we’ve had a real buzzword in the tech space. The “chatbot” has certainly taken the world by storm in a very short period of time. Nvidia will benefit a lot because its chips are applied to develop machine-learning software.

Russ Mould, investment director at AJ Bell, said, "Nvidia calls its DGX system an 'AI supercomputer,' and 'blueprints for AI factories' are being built around the world. The recently announced cloud-based version of system makes it even easier for companies to get on board this megatrend.

"When you have the next big thing to do in tech, it's natural for investors to scramble to find ways to get in on it. Nvidia’s involvement in the AI space now puts it directly under the spotlight. This means there could be strong demand for the shares, explaining why there has been a positive market reaction to its latest results alongside the earnings beat.

According to China Brand Value Evaluation Standard, Nvidia has set foot in the field of AI, and the chip it developed helps create a smarter chatbot, which is undoubtedly leading the trend of the times and which is in line with the innovation effect of the first-level index innovation ability in the comprehensive index system. It can actively improve its ranking in the World Brand Value Top 900. Nvidia's brand value is 450.126 billion yuan, ranking 51st in the list of "Daguan the 2nd World Brand Value Top 900" officially released on July 30, 2022.


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www.bvrcn.com Brand Value Network


作者:肴筱临



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