Events outside of NVDA's universe don't seem to deter it from creating the future.
From TechCrunch, October 18:
Nvidia and Foxconn are working together to build so-called “AI factories,” a new class of data centers that promise to provide supercomputing powers to accelerate the development of self-driving cars, autonomous machines and industrial robots.
Nvidia founder and CEO Jensen Huang and Foxconn chairman and CEO Young Liu announced the collaboration at Hon Hai Tech Day in Taiwan on Tuesday. The AI factory is based off an Nvidia GPU computing infrastructure that will be built to process, refine and transform vast amounts of data into valuable AI models and information.
“We’re building this entire end-to-end system where on the one hand, you’re building this advanced EV car…with an AI brain inside that allows it to interact with drivers and interact with passengers, as well as autonomously drive, complemented by an AI factory that develops a software for this car,” said Huang onstage at the event. “This car will go through life experience and collect more data. The data will go to the AI factory, where the AI factory will improve the software and update the entire AI fleet.”....
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A note of caution on the stock: Despite the expectation of another blowout earnings report* next month, the huge gap on the price chart combined with the 200-day moving average both being considerably below today's price can act as an almost inexorable magnet pulling the stock down:
NVIDIA Corporation Common Stock is estimated to report earnings on 11/15/2023. The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 13 analysts' forecasts, the consensus EPS forecast for the quarter is $3.01. The reported EPS for the same quarter last year was $0.34.
