Nvidia Set For Gains From AI Cloud Demand, Blackwell Launch, And Data Center Expansion: Analyst

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Also Read: Nvidia Powers Tesla’s Humanoid Robots With New AI Tech: Here’s What To Expect In 2025

Schafer has revised his estimates upward, citing robust traction for Nvidia’s Hopper AI accelerators and the initial ramp-up of the new Blackwell chips, which will likely begin in the fourth quarter.

Schafer anticipates substantial upside in Nvidia’s October quarter results and January quarter guidance, driven by consistent demand from cloud service providers (CSPs) and enterprise clients for AI accelerators.

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Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United States

Topics: Analyst Ratings US73935A1043 News Trading Ideas Stories That Matter Expert Ideas NVDA Tech Briefs US67066G1040 QQQ Benzinga US9229084135 VOO Price Target Reiteration Top Stories

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Article Type: News Report

Published On: 2024-11-15 @ 12:11:39 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 686 words

Reading Time: 4 minutes read

Sentences: 30 lines

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Copyright Owner: © Benzinga

News ID: 23602363

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