{"id":1364,"date":"2023-11-21T10:39:24","date_gmt":"2023-11-21T02:39:24","guid":{"rendered":"https:\/\/www.1ai.net\/?p=1364"},"modified":"2023-11-21T10:39:24","modified_gmt":"2023-11-21T02:39:24","slug":"%e8%8b%b1%e4%bc%9f%e8%be%be%e8%82%a1%e4%bb%b7%e5%9c%a8%e8%b4%a2%e6%8a%a5%e5%8f%91%e5%b8%83%e5%89%8d%e4%b8%80%e5%a4%a9%e5%88%9b%e5%8e%86%e5%8f%b2%e6%96%b0%e9%ab%98%ef%bc%8copenai-%e4%ba%ba%e4%ba%8b","status":"publish","type":"post","link":"https:\/\/www.1ai.net\/en\/1364.html","title":{"rendered":"Nvidia's stock price hits a record high the day before its earnings report, OpenAI's personnel turmoil puts artificial intelligence in the spotlight again"},"content":{"rendered":"

Nvidia (Nvidia<\/a>) plans to release its third-quarter earnings report after the close of trading on Tuesday.Wall Street<\/a>Eagerly await updates on the fundamentals behind the AI boom.<\/p>\n

\"202303231052104431_0\"<\/p>\n

Nvidia shares closed at an all-time high of $504.09 per share on Monday.\u00a0Sam Altman leaves ChatGPT maker OpenAI<\/a> And switched to Microsoft<\/strong>, artificial intelligence has once again become the focus of investors' attention.<\/p>\n

As Nvidia has become the face of the AI story in 2023, expectations for the chip giant remain high.<\/p>\n

Here\u2019s how Wall Street expects Nvidia\u2019s third-quarter results to compare with the same period last year, according to data compiled by Bloomberg:<\/p>\n

\u2013 Income: projected $16 billion, compared to $5.93 billion for the same period last year<\/p>\n

\u2013 Adjusted per share: projected at $3.36, compared to $0.58 for the same period last year<\/p>\n

\u2013 Data centre income: projected at $12.82 billion, compared with $3.83 billion for the same period last year<\/p>\n

\u2013 Game income: projected at $2.7 billion, compared to $1.57 billion in the same period last year<\/p><\/blockquote>\n

Investors will also be watching the company's revenue outlook, with Wall Street expecting fourth-quarter guidance of $17.8 billion. For 2023, the company gave investors amaximum<\/span>surprise.<\/p>\n

In August, Nvidia reported second-quarter results that beat Wall Street expectations for revenue and earnings per share and provided guidance that beat the high end of estimates, sending its shares to an all-time high. In May, one analyst called the company\u2019s forecast \u201cepic guidance.\u201d<\/p>\n

But in the months following the August report, shares swung as investors began to question Nvidia's valuation and updates on chip export restrictions challenged the market's ultimate size assumptions.<\/p>\n

In an SEC filing after announcing the new restrictions, the company said it does not expect an impact in the short term. Stifel analyst Ruben Roy told Yahoo Finance Live that he expects Nvidia to make similar comments on Tuesday.<\/p>\n

\u201cWe think thatGlobal demand remains high. So, of course, in America, large cloud service providers... we think this will continue to offer Nvidia a great opportunity. Even outside of the United States, like Europe, Japan, South Korea, there's a lot of activity about AI... As far as we're concerned, Nvidia still controls this growthoptimal<\/span>Way<\/strong>.<\/p>\n

A driver of this year's stock market momentum, Nvidia is one of the key members of the "Magnificent Seven" stocks, along with Apple, Google, Microsoft, Amazon, Meta and Tesla.<\/p>\n

As of mid-November, these stocks have gained a total of more than 70% this year, while the remaining 493 stocks in the S&P 500 have risen by only 6%.<\/p>\n

Evercore ISI\u00a0advanced<\/span>Managing Director Julian Emanuel said on Sunday:\u201cIt\u2019s still Nvidia\u2019s world\u201d<\/strong>, and warned investors to be prepared for "post-Nvidia earnings volatility" regardless of how the stock price moves.<\/p>","protected":false},"excerpt":{"rendered":"

As Nvidia plans to publish its third-quarter financial report after closing on Tuesdays of local time, Wall Street is eager to update basic information on the back of artificial intelligence. On Monday this week, Nvidia's share price was at a record high of $504.09 per share, and in the broader context of Sam Altman leaving ChatGPT manufacturer OpenAI and switching to Microsoft, artificial intelligence was once again the focus of investors' attention. As Nvidia became the representative face of the 2023 AI story, the market's expectations for the chip giant remained high. The following is an expected performance of Nvidia in the third quarter, based on Bloomberg, compared to the same period last year:<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[146],"tags":[190,279,239],"collection":[],"class_list":["post-1364","post","type-post","status-publish","format-standard","hentry","category-news","tag-openai","tag-279","tag-239"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/posts\/1364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/comments?post=1364"}],"version-history":[{"count":0,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/posts\/1364\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/media?parent=1364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/categories?post=1364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/tags?post=1364"},{"taxonomy":"collection","embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/collection?post=1364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}