Reported 18 days ago
During a lackluster earnings season for major tech companies, Nvidia stands out as a clear winner. Major clients like Microsoft, Alphabet, Amazon, and Meta have committed significant capital spending, which has boosted Nvidia's stock nearly threefold this year, keeping investor confidence high. Analysts are optimistic about Nvidia's future, raising profit estimates, particularly as big tech is expected to increase AI spending significantly. Overall, Nvidia's prospects remain bright ahead of its upcoming earnings report.
Source: YAHOO