With gains that have made Nvidia (NASDAQ: NVDA) stock out of reach for many investors as it passed the $1,000 threshold (at least until June 7, when the 10-1 stock split takes effect).
Nvidia dominates the AI chip market today with about 80% share. As rivals launch new AI chips, investors worry about Nvidia's ability to stay ahead -- and keep revenue growth soaring.
Nvidia Corp has reduced prices on some of its high-end artificial intelligence chips in China by up to 20%, according to an exclusive Reuters report. The cuts are interpreted as a strategic move to stay competitive against domestic Chinese tech company Huawei.
Nvidia (NASDAQ: NVDA) posted a better-than-expected set of Q1 FY'25 results on Tuesday, amid a growing uptake for the company's high-end GPUs for artificial intelligence applications. Revenues for Q1 more than tripled year-over-year to about $26 billion, while net profits were up over 7x to $14.9 billion.
Nvidia reported triple-digit gains in quarterly revenue and net income thanks to demand for its artificial intelligence (AI) chips. The company is confident this momentum will continue.
The few headwinds currently facing Nvidia appear to emanate from China.
Nvidia announced a 10-for-1 stock split following several months of speculation about the event.
Nvidia's stock price has soared on the back of explosive increases in revenue and profits.
As the CEO and co-founder of Nvidia, Jensen Huang owns a significant stake in the company. But he's not the only one to have a fortune tied up in the company's shares.
Nvidia stock has increased nearly 23,000% over the past 10 years and has already gained 112% in 2024. The ongoing adoption of artificial intelligence (AI) and the rush to upgrade data centers could supercharge future results.
Nvidia's most advanced AI chip it developed for the China market has got off to a weak start, with abundant supply forcing it to be priced below a rival chip from Chinese tech giant Huawei, according to sources familiar with the matter.