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Nvidia (NASDAQ: NVDA) has seen its market capitalization grow from $360 billion at the start of 2023 to $3.5 trillion within two years, primarily driven by the booming demand for its GPUs used in artificial intelligence (AI). Nvidia’s GPUs for data centers are the most sought after worldwide, contributing to triple-digit percentage growth in revenues over the past five quarters.
On November 20, Nvidia will report its fiscal 2025 third-quarter results, covering the period that ended on October 31. Analysts expect total revenue of $32.9 billion, up from the company’s own guidance of $32.5 billion and significantly higher than Wall Street’s initial estimate of $31.7 billion. In the previous quarter, Nvidia generated $30 billion in total revenue, a 122% increase year-over-year.
The upcoming report may also include sales from Nvidia’s new GB200 GPUs, which promise to perform AI inference at 30 times the speed of the current H100 systems. Nvidia plans to ship up to 200,000 of these GPUs by the end of 2024, supported by substantial capital expenditures from major tech companies like Microsoft, Amazon, and Meta Platforms.
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