Nvidia's Next-Gen AI Chips Set to Skyrocket Data Center Revenue in 2025
Nvidia Stock Forecast: AI Chip Innovations
One analyst predicts Nvidia's data center business will see massive growth thanks to its new AI chips. This year is shaping up to be a record-breaking one for Nvidia investors as shares of the semiconductor giant have already shot up more than 91%, and there is a good chance that the stock's rally could get a nice shot in the arm once Nvidia reports its first-quarter fiscal 2025 earnings on Wednesday, May 22.
Data Center Revenue Boost
- Nvidia's new AI chips could push data center revenue to $200 billion by next year.
- HSBC estimates Nvidia's market share of the AI GPU market increased to 97% in 2023.
Conclusion: Analyst forecasts bullish growth for Nvidia driven by innovative AI chip technology, positioning the company for significant revenue and market share expansion in the near future.
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