Nvidia Overcomes AI Chip Restrictions in China with Strong Data Center Growth

NVidia announced mixed earnings for the October fiscal quarter of 2023 with sales beating analyst expectations but earnings per share lower than forecast. Nvidia said it expected $6 billion in sales in the fourth quarter, lower than consensus estimates of $6.09 billion $NVDA Shares got relief from Gaming beating expectations and Data Center revenue $3.83 billion, up 31% year-over-year. Nvidia said reduced sales from the GPUs banned in China would be largely offset by its alternative products like Automotive. AI … Continue reading “Nvidia Overcomes AI Chip Restrictions in China with Strong Data Center Growth”

NVidia Analyst Day Highlights DataCenter, Gaming, AI Cloud Trends Growing

Nvidia Analyst Day was overshadowed by the selloff in $NVDA of 7.5% and $TSLA from self driving car accidents. The company did announce the scale and end-to-end reach of the AI platform and gaming and growing datacenter market.