NVIDIA’s Explosive Growth: Why the AI Leader’s Rally Isn’t Over Yet Hosted by MarketBeat StaffMay 23, 2024 ShareLink copied to clipboard. Play video for NVIDIA’s Explosive Growth: Why the AI Leader’s Rally Isn’t Over YetDetailsGuestsNVIDIA NASDAQ: NVDA produced another beat-and-raise quarter that says one thing: as much hype as there is about the AI industry, the market grossly underestimated the impact and importance of NVIDIA semiconductors. The company’s results are so above the consensus estimate they are mind-boggling without the fact that this is the 5th consecutive quarter for such results. Based on the results, quarterly achievements, and guidance, the next quarter will be just as good. The takeaway is that a revolution in data centers is underway, which centers on NVIDIA and its super-computing chips. The data center industry is growing at a double-digit CAGR and shifting from old chips to new accelerators, providing a dual-tailwind for the business.Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioNVDANVIDIA4.8935 of 5 stars4.89 / 5 stars$114.25-6.8%0.04%66.81 Add This Stock to My Watchlist Chris Markoch, GuestMarketBeat Contributor, MarketBeatChris Markoch is a freelance financial copywriter with over five years of experience covering various aspects of the financial markets. You may find his writing a little different than other stock articles you’ve read. And that’s OK with him. Chris doesn’t have a traditional finance background. What he does bring to the table is a strong business and marketing background having worked for agencies that serviced Fortune 500 companies. With that in mind, he isn’t overly impressed with what companies say, and more focused on what they do. And because buyer behavior dictates so much of what happens with a stock, Chris always keeps the end consumer close in mind. Chris has been writing for MarketBeat since 2018.Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube More From MarketBeat625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | Sponsored7 Stocks That Don’t Need an AI Boost to Move HigherAt the time of this writing, shares of Nvidia Corporation (NASDAQ: NVDA) are up over 17% since the company rep...MarketBeat“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 sp...Unstoppable Prosperity | Sponsored7 Cheap Dividend Stocks Offering Value and Price UpsideWhen you hear the phrase "cheap dividend stocks," what comes to mind? It can mean different things to differen...MarketBeatGet out of cash before the Fed's next meeting"How I 6X-ed my wife's 401K in 1 year" At the peak of the dot-com boom, a former hedge fund manager put all...Stansberry Research | Sponsored8 Retail Stocks to Own For the Long HaulAfter the 2020 e-commerce boom, everyone thought we had taken a 10-year leap in online shopping. Amazon was op...MarketBeat Opportunities Arise as Stock Market Rotates from Big TechDiscover how the great stock rotation is shaking up the market and what it means for your investments, including the companies poised for growth.Related Videos3 Top Market Leaders Splitting Their StocksCPI News Breakdown: Key Market Moves to FollowInside Pelosi's Latest Stock Moves Featured Articles and OffersWhy This AI Stock is Rising Despite Tech Sell-OffJuly 20, 2024View Why This AI Stock is Rising Despite Tech Sell-OffMan Who Called Nvidia at $1.10 Says Buy This Now...From The Oxford Club(Ad)View Man Who Called Nvidia at $1.10 Says Buy This Now...Innovative Robotics Stock Rockets 187% on NVIDIA InvestmentJuly 22, 2024View Innovative Robotics Stock Rockets 187% on NVIDIA InvestmentTesla Skids Into a Buying Opportunity But Don’t Buy it YetJuly 24, 2024View Tesla Skids Into a Buying Opportunity But Don’t Buy it YetTop 4 High-Yield Dividend Stocks to Add to Your PortfolioJuly 22, 2024View Top 4 High-Yield Dividend Stocks to Add to Your Portfolio24/7 Automated Profits in CryptoFrom Crypto Swap Profits(Ad)View 24/7 Automated Profits in Crypto Search Headlines Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. 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Hosted by MarketBeat StaffMay 23, 2024 ShareLink copied to clipboard. Play video for NVIDIA’s Explosive Growth: Why the AI Leader’s Rally Isn’t Over YetDetailsGuestsNVIDIA NASDAQ: NVDA produced another beat-and-raise quarter that says one thing: as much hype as there is about the AI industry, the market grossly underestimated the impact and importance of NVIDIA semiconductors. The company’s results are so above the consensus estimate they are mind-boggling without the fact that this is the 5th consecutive quarter for such results. Based on the results, quarterly achievements, and guidance, the next quarter will be just as good. The takeaway is that a revolution in data centers is underway, which centers on NVIDIA and its super-computing chips. The data center industry is growing at a double-digit CAGR and shifting from old chips to new accelerators, providing a dual-tailwind for the business.Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioNVDANVIDIA4.8935 of 5 stars4.89 / 5 stars$114.25-6.8%0.04%66.81 Add This Stock to My Watchlist Chris Markoch, GuestMarketBeat Contributor, MarketBeatChris Markoch is a freelance financial copywriter with over five years of experience covering various aspects of the financial markets. You may find his writing a little different than other stock articles you’ve read. And that’s OK with him. Chris doesn’t have a traditional finance background. What he does bring to the table is a strong business and marketing background having worked for agencies that serviced Fortune 500 companies. With that in mind, he isn’t overly impressed with what companies say, and more focused on what they do. And because buyer behavior dictates so much of what happens with a stock, Chris always keeps the end consumer close in mind. Chris has been writing for MarketBeat since 2018.Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube More From MarketBeat625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | Sponsored7 Stocks That Don’t Need an AI Boost to Move HigherAt the time of this writing, shares of Nvidia Corporation (NASDAQ: NVDA) are up over 17% since the company rep...MarketBeat“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 sp...Unstoppable Prosperity | Sponsored7 Cheap Dividend Stocks Offering Value and Price UpsideWhen you hear the phrase "cheap dividend stocks," what comes to mind? It can mean different things to differen...MarketBeatGet out of cash before the Fed's next meeting"How I 6X-ed my wife's 401K in 1 year" At the peak of the dot-com boom, a former hedge fund manager put all...Stansberry Research | Sponsored8 Retail Stocks to Own For the Long HaulAfter the 2020 e-commerce boom, everyone thought we had taken a 10-year leap in online shopping. Amazon was op...MarketBeat