Shulou(Shulou.com)11/24 Report--

CTOnews.com August 24 news, Nvidia in recent years with AI orders and the favorite "cryptocurrency tide", the stock price has risen all the way, won the favor of Wall Street. CTOnews.com has previously reported that as of the end of July, Nvidia's second-quarter revenue reached a record $13.51 billion (CTOnews.com Note: about 98.353 billion yuan), an increase of 88% over the previous quarter and 101% over the same period last year. Nvidia expects third-quarter revenue to reach about $16 billion (currently about 116.48 billion yuan), up about 170% from a year earlier.

Angelo Zino, an equity analyst at independent investment research firm CFRA, recently claimed in a live broadcast of Yahoo Finance that Nvidia will be "the most important company for human civilization" in the next five to 10 years, because "every company will directly or indirectly rely on this chipmaker."

▲ Touyuan Yahoo Finance Angelo Zino claims that global AI spending will grow by an average of 27% a year between 2022 and 2026, according to IDC estimates. "this expansion of AI is something we haven't seen since the advent of the Internet in 1995, and its impact is just beginning to spread to consumers and businesses," he said.

But in the final analysis, Nvidia is just a commercial company, and there is no doubt that the "flattery" of such equity analysts is only to further drive up Nvidia's market valuation, more out of commercial nature and its own intentions.

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