AI Quick Pulse: Great Results From Nvidia Amid Great Expectations

NVIDIA beat April-quarter expectations with USD 81.6bn in revenue, though shares consolidated following a 35% run-up. UBS maintains NVIDIA at the top of its AI 'pecking order' despite tactically reducing overall semiconductor exposure.

Key Takeaways

• 1.NVIDIA delivered a significant revenue and EPS beat driven by massive data center demand, despite the share price falling due to prior rallies.
• 2.The build-out of 'AI factories' indicates an inflection in AI demand, with infrastructure spending expected to reach USD 3-4 trillion by 2030.
• 3.NVIDIA is expanding into the CPU market with its Vera stand-alone CPU, targeting a USD 200bn addressable market.

Table of Contents

• AI quick pulse: Great results from NVIDIA amid great expectations
• Appendix
• Required Disclosures
• Equity selection system
• Equity selection: An assessment relative to a benchmark
• Global asset class preferences definitions
• Statement of Risk
• Risk Information

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