Does Nvidia's strong performance not affect its stock price? Analyst: The market underestimates the potential of AI!
海角七号
发表于 2023-11-24 14:00:15
260
0
0
On November 24th, Cailian News Agency reported that NVIDIA released its strong third quarter financial report on Tuesday, amidst widespread expectations. Despite strong financial data, Nvidia's stock price failed to rise further.
In response, many Wall Street analysts have released reports stating that the market underestimates the future potential of Nvidia and even the AI market. They expect that as the changes brought about by artificial intelligence continue to sweep the world, Nvidia will continue to become the leader of the future US stock market.
Strong financial reports failed to boost stock prices?
From the data, Nvidia's financial report is quite strong: not only did its revenue and profits exceed market expectations in the third quarter, but it also has confidence in its outlook for the fourth quarter.
However, the market's attitude towards this financial report is relatively indifferent: the US stock market fell by over 4% in early trading on Wednesday, and although the decline later narrowed, it also closed down by 2.46% - although its stock price is still near a historical high, the cumulative increase in the company's stock price for the entire year is still over 233%.
On Thursday, the US stock market was closed for Thanksgiving and trading will end early on Friday.
Many analysts still insist that this is due to the market underestimating the potential of AI and NVIDIA. Analysts firmly believe that Nvidia will be a major growth target in the coming years. They expect that as global businesses and governments shift towards artificial intelligence in the future, artificial intelligence will continue to dominate the market - 'it's too early to get off the car now'.
Gene Munster, managing partner of Deepwater Asset Management, stated in a report after NVIDIA's financial statements, "NVIDIA's third and fourth quarter financial reports are impressive and have met high expectations. The company will continue to maintain impressive growth in the coming years as they are one of the key infrastructure builders of this paradigm shift
The explosion of artificial intelligence is far from over
Since the release of ChatGPT, a generative artificial intelligence chatbot, by OpenAI at the end of last year, the world has been shocked. Since then, generative artificial intelligence has become the hottest topic in the technology industry. As artificial intelligence continues to sweep across various industries around the world, Nvidia is expected to grow accordingly. Both NVIDIA itself and Wall Street believe that this upward trend is not yet over.
During the Q&A session of NVIDIA's financial report conference call, CEO Huang Renxun stated that he believes NVIDIA's data center business will continue to grow until 2025.
We are significantly expanding our supply. We already have the widest, largest, and most capable supply chain in the world, "said Huang Renxun. Therefore, I believe... we are at the beginning of a comprehensive industrial transformation, transitioning towards generating artificial intelligence and accelerating computing. This will affect every company, every industry, and every country.
Wall Street analysts generally agree with these statements.
After Nvidia released its report, Tristan Gerra, senior research analyst at Baird Equity Research, wrote in an investor report, "Nvidia is at the center of long-term demand for future artificial intelligence: countries, regions (cloud service providers), enterprises, and software companies are all part of the next wave of artificial intelligence, but overall, this wave is still in its early stages."
Meanwhile, Timothy Arcuri from UBS Global Research also stated that Huang Renxun seems to be fulfilling his promise.
"(NVIDIA) sounds confident in sustained growth - which makes sense for us as enterprise software companies are beginning to embed (NVIDIA) artificial intelligence into their platforms, go global, and expand NVIDIA's ecosystem."
Akuri predicted, "We believe it's too early to leave this train now, especially considering that artificial intelligence may be one of the most revolutionary technologies in our lives, and Nvidia will be the global platform for this technology
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Trump 2.0 is coming! Amidst the sharp rise in the US stock market, analysts warn that 'negative sentiment' cannot be ignored
- Nvidia's stock price can rise another 26%. Analysts say 'iPhone moment' is coming soon!
- Can AMD still catch up with Nvidia by laying off thousands of employees globally and scaring the market?
- Is Nvidia being abandoned after being heavily reduced in holdings? There is a significant divergence in the direction of the future market
- How important is Nvidia's Q3 financial report coming soon? Bank of America: It may determine the success or failure of the US stock market rebound!
- NVIDIA, big news!
- Whether the AI foam will burst depends on Nvidia's "report card"!
- before dawn! NVIDIA, Important Release!
- NVIDIA's performance growth slows down, Huang Renxun steps in to 'appease' the market! Analyst: Investors Underestimate Demand for Blackwell Chips
- The stock price has skyrocketed by 33%! Snowflakes overshadow Nvidia analysts: AI software outperforms semiconductors or trends
-
11月21日、2024世界インターネット大会烏鎮サミットで、創業者、CEOの周源氏が大会デジタル教育フォーラムとインターネット企業家フォーラムでそれぞれ講演、発言したことを知っている。周源氏によると、デジタル教 ...
- 不正经的工程师
- 3 小时前
- 支持
- 反对
- 回复
- 收藏
-
アリババは、26億5000万ドルのドル建て優先無担保手形と170億元の人民元建て優先無担保手形の定価を発表した。ドル債の発行は2024年11月26日に終了する予定です。人民元債券の発行は2024年11月28日に終了する予定だ ...
- SOGO
- 前天 09:05
- 支持
- 反对
- 回复
- 收藏
-
スターバックスが中国事業の株式売却の可能性を検討していることが明らかになった。 11月21日、外国メディアによると、スターバックスは中国事業の株式売却を検討している。関係者によると、スターバックスは中国事 ...
- 献世八宝掌
- 昨天 16:29
- 支持
- 反对
- 回复
- 收藏
-
【意法半導体CEO:中国市場は非常に重要で華虹と協力を展開】北京時間11月21日、意法半導体(STM.N)は投資家活動の現場で、同社が中国ウェハー代工場の華虹公司(688347.SH)と協力していると発表した。伊仏半導体 ...
- 黄俊琼
- 昨天 14:29
- 支持
- 反对
- 回复
- 收藏