{ }
Symbol NVDA
Name NVIDIA Corporation
Currency USD
Sector Information Technology
IndustryGroup Semiconductors & Semiconductor Equipment
Industry Semiconductors & Semiconductor Equipment
Market NASDAQ Global Select
Country United States
State CA
City Santa Clara
Zipcode 95051
Website http://www.nvidia.com
Artificial intelligence is transforming healthcare, primarily benefiting large companies with extensive resources and data. While major players like Eli Lilly and Novartis lead in AI advancements, smaller firms can still find opportunities through niche applications and collaborations. Emerging markets may gain traction as technology costs decrease, potentially leveling the playing field in the future.
Nvidia, a leader in graphics processing technology, is set to report Q3 2024 earnings with expectations of $32.5 billion in revenue and an 81.1% year-on-year growth. Historically, the stock shows minimal immediate movement post-earnings, with more significant trends emerging over the following weeks and months, influenced by both financial performance and broader economic conditions. Investors should consider these patterns, particularly given Nvidia's strong ties to AI, gaming, and data centers.
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FPT Corp., Vietnam's leading software and telecommunications company, is set to launch an AI data center in Japan by January 2025, with an initial investment of $200 million. This facility will utilize Nvidia's AI technology, mirroring a similar investment in Vietnam announced earlier this year.
SoftBank Group Corp. will be the first customer to utilize Nvidia's new Blackwell chip design for a supercomputer in Japan, aiming to enhance the country's AI capabilities. The telecom unit plans to develop Japan's most powerful AI supercomputer using Nvidia's DGX B200, with future upgrades featuring the advanced Grace Blackwell design.
Ainnova and Avant Technologies have partnered to commercialize retinal scanning technology, aiming to integrate it into primary care for early disease diagnosis. This collaboration targets lucrative markets in North America and Europe, with a vision to enhance accessibility in health services. In other developments, C3 AI has secured a new patent for its generative AI technology, while SoundHound AI has surpassed 100 million interactions with its voice ordering system. NVIDIA's xAI has built the world's largest AI supercomputer, Colossus, to train large language models, and a partnership between Anthropic and Palantir Technologies will enhance AI capabilities for U.S. intelligence agencies.
Volatility in the technology sector is expected to rise following new US export controls on advanced chips, particularly affecting Taiwan Semiconductor Manufacturing (TSMC) and its Chinese clients. UBS strategists anticipate that while semiconductor stocks may initially drop due to these restrictions, strong fundamentals and increased AI investments will support a rebound. Major tech firms are projected to boost AI spending significantly, benefiting companies involved in AI semiconductors.
Volatility in the technology sector is expected to rise following new US export controls on advanced AI chips, particularly affecting Taiwan Semiconductor Manufacturing (TSMC) and its Chinese clients. UBS strategists anticipate that while semiconductor stocks may initially drop, strong fundamentals and increased AI investments from major tech firms will support a rebound. Investors are advised to prepare for volatility and consider strategies based on their exposure to AI-related stocks.
Wall Street experienced slight consolidation following a Trump-induced rally, with the S&P 500 reaching a new record high amid a risk-on mood fueled by clearing US election uncertainties. As the market anticipates upcoming US CPI data, expectations for headline inflation to rise to 2.6% could impact dovish rate cut bets, while broad-based sector gains were led by consumer discretionary and financials, reflecting optimism around Trump's policies.
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UBS analysts are optimistic about Nvidia's upcoming earnings report, raising the price target from $150 to $185, indicating over 27% upside potential. They project third-quarter revenue between $34.5 billion and $35 billion, with fourth-quarter guidance around $37 billion, potentially reaching $39 billion. Key growth drivers include increased capital expenditures from hyperscalers and sovereign AI demand, particularly from the Middle East, while concerns about gross margins remain.
Nvidia is a leading designer and marketer of programmable graphics processors, with net sales primarily from computer and networking solutions (77.8%) and graphics processors (22.2%). The company’s revenue is largely driven by data storage (78%) and gaming (17.1%), with significant sales in the U.S. (44.3%), Taiwan (22%), and China (16.9%).

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