Nvidia Reports 262% Rise in Revenue Amid AI Race | Vantage with Palki Sharma
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Published 2024-05-23
US chip-maker Nvidia has reported a 262% increase in revenue amid surging demand for Artificial Intelligence chips. The company beat market expectations to generate $26 billion in revenue. Many analysts have called Nvidia the most important company in the world. Nvidia's performance is part of the larger chip war playing out between China and the West. Countries have announced subsidies worth $380 billion to boost their local chip-making industry and take a lead in the semiconductor race. The US has urged its allies in Europe and Asia to curb sales of advanced semiconductors to China. Palki Sharma tells you why this next stage of the chip war matters.
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Nvidia | Artificial Intelligence | Semiconductors | Chip War | AI | Firstpost | World News | Vantage | Palki Sharma
#nvidia #semiconductor #ai #usa #china #chipwar #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.
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All Comments (21)
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Yes Nvidia IPO'ed at $12, but saying the price has increased from $12 to $950 is a gross miscalculation that suggests the stock went only 79 times. The reality is stock got split multiple times and the effect IPO price due to these spilts is $0.41 thereby making the actual gain to be 2317 times from 1999 to now.
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Please allow me to ask one question! Is it wise to purchase NVIDIA in order to beat the market this year? I'm sick of having to make new purchases every week to round out my $236k portfolio with low-percentage assets while attempting to keep everything around 10%.
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Additional earnings reports from major tech companies, driven by Nvidia, coupled with trader FOMO, could fuel a resurgence in market buying pressure. I'm considering investing over $300k, but I'm uncertain about risk mitigation strategies.
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She is best journalist ever i have seen her speaking skill is so good.
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A friend of mine, chose to work for Intel over Nvidia because intel was offering $30K more then. (This is like 3 yrs back) Given that several NVIDIA employees are millionaires now, pretty sure he is heavily regretting his decision now 😂
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😌😌😌 Recently in India Chip plants have been built in Gujarat and Assam where Semiconductors will be made.. Hope we will get more what we expect!
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China is very serious about this
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Whoa, billions and billions for the elusive 'chip' while the rest of the planets inhabitants, the humans, have to face the daily grind of a pitiful existence. Make sense. 'Business is war.' - Readers Digest
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i’ve 10 shares of this company and wherever i sold it at profit i always felt bad cz this is not going down
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Intel, Nvidia, and AmD are all American company 🇺🇲😆
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Every nation needs to get piece of the pie chip market. This is a very lucrative market for Semiconducters in much demand. Depending on China for chips affects our industries. Finding the proper balance of the chip Msrket where every nation benefits is vital. Keep up the good work Palki
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Wonderful
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India should create a strong infrastructure for chip industry so that we don't rely to US or its allies , We should also increase investments , invest in talent and subsidise the industry so we stay at the end of race.
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Nvidia makes all of it's most advanced chips in Taiwan, so considering the political situation, Nvidia could loose a lot of it's value if something happens!
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Are these AI chips going to help make the world less shitty?
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Go to the philippines...its giving 200 B subsidies ....the time is ripe...good weather...millions of intelligent work force..perfect infrastructure...
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🎉🎉🎉
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Amazing
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Nvidia current market cap is $2.5 Trillion, its amazing the power of technology and innovation, from a mere graphics processor maker to the world's leading AI chip maker. The lessons are clear innovate or DIE !
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Potato chips, bananas Chips, all chips, no one ask who are buying?
