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NVDA-NVIDIA CORP

Nvidia Reports Triple-Digit Revenue Growth Amid AI Boom, Analysts Expect Continued Dominance and Future Gains

Monday

18 November, 2024

Nvidia's remarkable 122% revenue growth in Q2 FY2025 underscores its dominance in the AI chip market, driven by a booming data center segment. With analysts predicting continued expansion and a projected $179 billion in revenue, can Nvidia maintain its lead in an increasingly competitive landscape?

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Key Takeaways
  • Nvidia experienced significant revenue growth of 122% in Q2 FY2025, mainly from its data center operations.
  • The company holds a dominant 90% share in the AI chip market, essential for AI data centers.
  • Analysts anticipate a 42% revenue rise for Nvidia next year, aiming for $179 billion in total revenue.
  • A strong majority of analysts recommend Nvidia as a buy, citing a favorable forward P/E ratio.
  • Nvidia's ongoing innovation positions it well in a projected $1 trillion AI market by 2030.
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