On the afternoon of February 22, Beijing time, the American chip giant Nvidia came with good news again, and its U.S. stock price rose more than 13% pre-market to 763$51, the stock price may hit a new high after the open. If this increase is included, Nvidia's stock price has risen by more than 50% this year, continuing its fiery rally that began last year.
The sharp rise in Nvidia's stock price this time was mainly due to the financial report announced the day before yesterday. According to the latest financial report, Nvidia's revenue in the fourth quarter of 2023 was $22.1 billion, up 22% quarter-on-quarter and 265% year-on-year, higher than analysts' expectations of 204$100 million; Net profit was $12.3 billion, up 765% year-on-year, and adjusted earnings per share were 5$16, higher than analysts' expectations of $4$59. Nvidia expects first-quarter revenue of $24 billion, fluctuating no more than 2%, much higher than the market expectation of $21.9 billion.
Nvidia "Accelerated computing and generative AI have reached a tipping point. Demand is surging from companies, industries, and countries across the globe. According to Jensen Huang, founder and CEO of NVIDIA, the demand for data processing, training and inference from large cloud service providers and GPU specialty providers, as well as enterprise software and consumer Internet companies, as well as verticals led by automotive, financial services and healthcare, are all forming diversified drivers of data center growth.
Nvidia's pre-market share price hit a new high Previously, OpenAI released the latest Wensheng ** application SORA, which made general artificial intelligence boom again, which also made the global computing power leader Nvidia also bear higher market expectations. Due to the high demand for computing power brought about by the blowout of AI large model products in recent years, NVIDIA's GPU products have also been in short supply. However, according to the latest report released by UBS analysts, the delivery speed of Nvidia AI GPU is continuing to accelerate, and the delivery time at the end of last year was 8-11 months, and now it has been reduced to 3-4 months. Delivery times have been significantly shortened.
In addition, Nvidia is facing increasingly fierce market competition. In addition to traditional competitors AMD and Intel, the recent chip inference speed of the start-up Groq is 10 times faster than that of NVIDIA GPUs, the cost is only 1 10, and the generation speed of the large model running is close to 500 tokens per second. As a result, some analysts are worried about whether NIO and Nvidia's dominance in GPUs can continue.