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NVIDIA Stock Surges As Q2 Sales Soar 101%, 'Gobbling Up All The Profit In AI'

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Charles Rollet
Aug 24, 2023

NVIDIA stock is on a tear this year thanks to record sales of AI-enabling GPUs.

In May 2023, the stock surged 26% in one day. Now, after announcing that its Q2 2023 sales are up 101% year-on-year to $13.5 billion, NVIDIA's stock surged almost 10% to a record high, making the company worth ~$1.2 trillion (the world's sixth-largest):

IPVM Image

**** ***************'* ****** ******* ** * "*******" with ****** "******** ** *** ** the ****** ** **", ****** *** firm's ***** ****** ** ** ****-**-**** to **.*%, "********** *** * ******** product". (*** **********,********* ******* ***** ****** ** ***** **%.)

****** **** ******,*****, ***** ********* ******* ** ****** controls ******* *** *** ***** *****,********* ********:

“**** *** **** ****, ************ *********** the **** ** *** **** ****** GPUs ** *****, ** ***********, **** result ** * ********* **** ** an *********** *** *** ** ******** to ******* *** **** ** *** of *** *****’* ******* *******,” ***** said ********* ******’* ******** ************. *** finance ***** **** *** *** ********** reports ** *** ********* *** ********* regulations “** *** ******* ** *****.”

****** ***** ***** **% ** *** total ******* **** *** ***,** *********** **** ****.

**** *** *** ** ****** ***** ending ** ** ******-******* ********** (***** NVIDIA **** ** ** ******* ** and **** *** *******), ** **** explored *********** ****** ***********, ******-*******, **** ** PRC ***** ***********.

UM
Undisclosed Manufacturer #1
Aug 24, 2023

****** ** *********, *** *** ****** be ******’* ******* *****, *** **** doing ******** ** *** ** *****?

UM
Undisclosed Manufacturer #2
Aug 24, 2023

****** **** ** ******* *** ** not *********** ** **, ***.

*** ********* *** ** *** **** that *** **** *** **** * drop ** *********** *** ****.

****** ********* **** **** ******** *******/**** learning **** *** **** ** *****, including ** ***, *** **** **** with ****.

*** **** **** **** (****** **** Compute), ***** *** ******* *******, **** as ************* **** ********** *** *******, but ** **** ******** ***** ****** end *****, *** ***** ******** **** of ****** ******* *** ****** **** modules.

*** **** ***** ** ********** ** Nvidia's 'Tensor *****' which are very beneficial for deep learning, and other applications such as encoding/decoding of various media streams.

*** *** ********* '*********** *****' *** at *** ******, **** *** *** behind ** ***********, ** **** **, that **'* **** ** *** **'* a **** ********** (**** ** *** marketed ** **).

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Matthew Netardus
Aug 25, 2023

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