When the chip designer releases results on Wednesday, Nvidia investors expect it to reckon quarterly earnings above estimates. Their sole inquiry is, by how much? The growth of ChatGPT and another conceptual artificial intelligence apps, nearly all of which are powered by its graphics processors, has benefited the business the most. This year, the value of Nvidia shares tripled, making it the first trillion dollar chip company and adding more than$ 700 billion to the company’s market value. Their biggest increase in almost three decades occurred on Monday when they closed 8.5 higher. Nvidia has much room for any earnings-related disappointments due to the sharp increase in its stock.
Continue reading: Nvidia earnings will be a key indicator of AI requirement and business growth.