NVIDIA New Profits soar This week, we owe it all to the continued adoption of artificial intelligence (AI).
it is be Report On Sunday (August 25th) the Press Association reported on future prospects for semiconductor manufacturers. Second Quarter Earnings are due to be announced on Wednesday (August 28).
Nvidia is Largest listed company This year, it rose to the No. 2 spot globally, thanks to investor confidence in the company’s growth driven by generative AI and the data center boom. Its most recent quarterly revenue, reported in May, was $1.2 billion. growth 18% and Annual revenue growth of 262%.
According to a Press Association report, the analyst consensus compiled by Zacks Investment Research predicts that AI-related growth could drive overall quarterly revenue growth by 109%.
“Analyst I’m looking forward to it “This momentum will continue into next week’s earnings report,” said Arlene Cheekley, an equity analyst at Hargreaves Lansdown. “Companies like Meta, Amazon and Microsoft are all customers, each with deep pockets, who want to build AI products powered by Nvidia’s market-leading chips.”
The report also includes commentary from analysts at AJ Bell, who say NVIDIA has “beat consensus estimates and raised guidance in each of the past five quarters.” They say investors are Wanted and outlook for what the rest of the year might hold, including more information on the company’s delayed AI chips.
In other AI-related news, PYMNTS wrote an article last week about how AI-driven shopping is impacting brands. Rethink your marketing strategy.
As the report noted, industry experts and recent data The growing influence of AI It’s about e-commerce: According to a survey by content management system provider Storyblok, for example, about 40% of high-value online shoppers regularly use AI services like ChatGPT to research products.
Additionally, 17% of respondents cited AI tools as the primary source of information for purchasing decisions, behind only Google (45%) and major online marketplaces such as Amazon (26%).
“AI is changing the way consumers find and trust product information online.” Michelle SimmonsFounder and CEO of Ditto Digital“We are already adjusting our SEO strategies in response to the growth of consumer AI,” he told PYMNTS. But accordingly Regarding changes to Google’s guidelines.
Google has revamped its quality metrics to include “experience” in addition to expertise and authority. and Trust (EEAT), Shift Marketers are upgrading their content with Emphasize Real product experience.
“we, clearly “Demonstrate real-world experiences,” Simmons said, “so brands can provide information. In other words It is different from AI-generated content, which is more useful for consumers who require in-depth product research for complex or expensive purchasing decisions.”
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