Nvidia Launches Vera Rubin AI Platform Amid Growing Demand
Nvidia has announced the launch of its Vera Rubin AI platform to cater to the surging demand for compute power driven by advancements in artificial intelligence. The company reported a revenue increase of 22% in the third quarter, totaling $57 billion, with data center sales as the primary growth driver. Nvidia projects approximate revenue of $65 billion for the fiscal fourth quarter, marking a sequential growth of 14%. Analysts forecast a 57% increase in the company’s earnings this year, underpinned by a forecasted shift of $10 trillion in legacy computing hardware to modern systems.
Meta Platforms Positions for Growth with AI Investments
Meta Platforms is poised for strong growth as it leverages its extensive user base of over 3.5 billion daily active users across platforms like Facebook and Instagram. Last quarter, Instagram reached 3 billion monthly active users, significantly contributing to Meta’s momentum. The company has invested $62 billion in capital expenditures to enhance its data centers and service technologies. Analysts anticipate a 21% revenue growth for 2025. Currently trading at 21 times its 2026 earnings estimates, Meta’s stock could rise by 38% if it achieves a valuation similar to Alphabet.
