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Alphabet Just Delivered Fantastic News for Nvidia Shareholders
Listening to earnings calls from companies you don't invest in but are important overall is a wise idea. Sometimes, you can pick up on information that can affect a company you care about. This happened recently during Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) conference call, which included key information about Nvidia (NASDAQ: NVDA).There is a lot of concern about the demand for Nvidia's graphics processing units (GPUs) if the economy starts to slow, but Alphabet seems to be full speed ahead on its data center build-out commitment. This is excellent news for Nvidia, and it could be the very thing it needs to turn its stock around.Nvidia's GPUs are vital to data centers, since they are the computing muscle behind many workloads run on the cloud, including training and running AI models. There is considerable fear about Nvidia's demand potentially declining due to companies reining in their spending, but that doesn't appear to be the case.Continue reading
Listening to earnings calls from companies you don't invest in but are important overall is a wise idea. Sometimes, you can pick up on information that can affect a company you care about. This happened recently during Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) conference call, which included key information about Nvidia (NASDAQ: NVDA).
There is a lot of concern about the demand for Nvidia's graphics processing units (GPUs) if the economy starts to slow, but Alphabet seems to be full speed ahead on its data center build-out commitment. This is excellent news for Nvidia, and it could be the very thing it needs to turn its stock around.
Nvidia's GPUs are vital to data centers, since they are the computing muscle behind many workloads run on the cloud, including training and running AI models. There is considerable fear about Nvidia's demand potentially declining due to companies reining in their spending, but that doesn't appear to be the case.
