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174 days

Nvidia CEO Huang says AI has to do '100 times more' computation now than when ChatGPT was released

1. Nvidia's CEO predicts next-gen AI requires 100 times more compute power. 2. Company's revenue rose 78% year-over-year to $39.33 billion. 3. Data center revenue jumped 93%, accounting for over 90% of total revenue. 4. Nvidia's stock fell 17% due to competition and export control concerns. 5. Revenue from China has decreased by about half due to restrictions.

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Why Bullish?

Despite recent stock price declines, Nvidia's robust revenue growth indicates strong demand. Historical trends show sustained price increases follow significant revenue spikes in past quarters.

How important is it?

Given Nvidia's pivotal role in AI technology and infrastructure, the article highlights critical trends likely to impact future revenue.

Why Long Term?

Continued advancements in AI and computational demands suggest Nvidia's relevance will persist. Long-term contracts from tech leaders support sustained revenue growth.

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