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Nvidia’s AI-Driven Growth Poised for Further Upside Ahead of Q2 Earnings
Nvidia’s AI-Driven Growth Poised for Further Upside Ahead of Q2 Earnings
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Nvidia's stock has surged 1,100% since early 2023, propelled by its dominance in AI-optimized GPUs. With a $4.3 trillion market cap, the chipmaker now stands as the world's largest company—yet analysts see room for further gains. The August 27 earnings report may catalyze another rally as tech giants escalate data center spending.
The H100 GPU remains the Gold standard for AI workloads, with new "reasoning" models demanding even greater processing power. CEO Jensen Huang's vision of error-correcting AI systems suggests sustained demand for Nvidia's infrastructure. Cloud providers have already signaled increased capital expenditures to secure these critical components.
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