The stock is up $23.83 (+2.71%) at $902.19 in pre-market action.
Last week we were seeing quite a few pseudo-professional "buy the rumor, sell the fact" pronouncements regarding the GPU Tech Conference but I don't know if that is a good plan, you have a March quarter earnings report coming and though it is expected to be a blow-out, it will probably surprise on the upside. NVDA is selling every chip that they and TSMC can produce and will be for at minimum another quarter and maybe three.
Back to the commentators, you know they're pseudo because they don't use the rhymey "Buy on mystery, sell on history" that any seasoned denizen of the flashing red/green world would go for, if just to break up the monotony - sheer terror pattern of markets.
From Reuters, March 18:
Artificial intelligence semiconductor powerhouse Nvidia kicks off its annual developer conference on Monday, with investors focused on new chip announcements from Chief Executive Jensen Huang in an afternoon keynote address.
Nvidia's new chip and software announcements at GTC 2024 will help determine whether Nvidia can maintain its leadership position as the dominant seller of the tools needed to fuel the past year's frenzy around AI. Nvidia dominates the data center AI chip market, capturing roughly an 80% share last year.
Nvidia's market share is expected to drop several percentage points in 2024 as new products from rivals such as Intel and Advanced Micro Devices hit the market.
Huang is expected to announce the next generation of AI processors designed by the company. The forthcoming B100 chip is expected to include significant improvements over its predecessor, the H100.
Though Nvidia is widely regarded as a chip designer, the company has built a significant battery of software products as well....
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