Nvidia's AI chip demand stays strong amid slower growth

Nvidia announced a projected slowdown in revenue growth for the upcoming quarter, marking the slowest pace in seven quarters.

Nvidia forecasts fourth-quarter revenue at approximately US$37.5 billion, slightly higher than the analyst prediction of US$37.09 billion.

Despite slower growth, the demand for AI chips remains strong.

Expansion in data center investment by cloud firms boosted chip sales.

Recent Nvidia developments

Timeline
19-Nov-2024 📊 Nvidia’s sales growth slows amid Blackwell chip delays Nvidia Q3 sales rise 82.8% to $33.13B. Blackwell chip delays impact future growth rates.
19-Nov-2024 🖥️ Nvidia, Google partner to advance tech for quantum computing Nvidia and Google partner on quantum tech Collaboration uses Eos supercomputer for quantum design
08-Nov-2024 📈 Nvidia’s valuation reaches $3.65t, surpassing Apple’s record Nvidia hits $3.65T market valuation, tops Apple. S&P 500 tech index rises over 4% post-election.
04-Nov-2024 🔗 Nvidia CEO asks SK Hynix to speed up new AI chip deliveries Nvidia urges SK Hynix to fast-track HBM4 chips. Supply timeline moved up six months to 2025.
04-Nov-2024 📈 Nvidia to replace Intel in Dow Jones index Nvidia to replace Intel in Dow Jones index Change effective November 8, 2023

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