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NVIDIA (Nasdaq: NVDA) AI-powered exceptional performance garners influencers praise

 

February 23, 2024 (Investorideas.com Newswire) NVIDIA Corp has reported better-than-expected quarterly revenue for the first three quarters of 2023 driven by demand for its chips to power artificial intelligence (AI). This has prompted widespread acclaim from industry influencers, hailing it as a triumph in the realm of AI. Subsequently, discussions related to "NVIDIA" among the influencers on "X" platform spiked up in the third week of February, reveals the Social Media Analytics Platform of GlobalData, a leading data and analytics.

Smitarani Tripathy, Social Media Analyst at GlobalData, comments: "Influencers are buoyed by NVIDIA's recent performance, viewing it as exceptional amid the surge in AI progress. They applaud the company for notable achievements, such as significant rises in operating income, EPS, and revenue. The remarkable 409% growth in the data center unit underscores NVIDIA's crucial role in the AI revolution. Influencers express admiration for NVIDIA's adept execution and expansion in AI capabilities, deeming it undervalued despite its strong market standing."

Below are a few popular influencer opinions captured by GlobalData's Social Media Analytics Platform:

1. Faisal Islam, Economics Editor of BBC News:

"Nvidia's results - insanely good as chip giant rides incredible AI wave FY 24 Operating income - UP 681% Diluted EPS - UP 586% Revenue - UP 126% In Q1 last year it made as much revenue from gaming as data - just under $4bn for both. q4 24 $18bn in data"

2.David Buik, Market Commentator:

"NVIDIA this evening logged $18.4bn in 4th Q-sales, the computer chip giant continues to benefit from the current boom in artificial intelligence. Nvidia's 4th Q earnings said its data center unit grew 409% from the $3.62bn more than reported last year. Shares +9.23% after hours"

3. Wes Hellyar, Founder of Moth Innovate:

"Nothing to see here, just the fourth biggest company in the world, the $1.7 trillion Nvidia reporting 265% revenue growth Bubble or no bubble, the AI revolution is well and truly here! $NVDA"

4.Robert Sterling, CFO Advisory at Aprio:

Nvidia's earnings growth is one of the most insane things I've ever seen in business."

5. Ross Gerber, CEO at Gerber Kawasaki Wealth & Investment Management:

"Nvidia could be the most impressive company I've ever seen. Executing on every level. Returning tons of capital to shareholders and continuing a massive expansion in AI capabilities worldwide. Wow. I still think this stock is wildly undervalued. $NVDA"

For more information

To gain access to our latest press releases: GlobalData Media Centre

Analysts available for comment. Please contact the GlobalData Press Office:

EMEA & Americas: +44 (0)207 832 4399
Asia-Pacific: +91 40 6616 6809
Email: pr@globaldata.com

Notes to Editors

  • Quotes are provided by Smitarani Tripathy, Social Media Analyst at GlobalData
  • The information is based on GlobalData Social Media Analytics Platform, which tracks most relevant activity among the selected Influencers on 'X' platform and selected Reddit channels
  • This press release was written using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData's team of industry experts

About GlobalData

4,000 of the world's largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData's unique data, expert analysis and innovative solutions, all in one platform. GlobalData's mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.

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