For Nvidia, big numbers haven’t always proven to be big enough. But the opposite might prove the case with the chip maker’s quarterly results this afternoon.
No other chip company near Nvidia’s size grows at anything close to its level, and that doesn’t seem likely to end anytime soon. Nvidia’s largest customers all used their latest quarterly reports to lift capital-spending forecasts. Chief Executive Jensen Huang indicated late last month that AI chip sales will exceed even optimistic projections through the end of next year.
That day proved a turning point for Nvidia’s high-flying stock. The shares tumbled 12% through Tuesday before a 2% rally Wednesday, setting up an awkward stage for the company’s results.
