Nvidia Expected to Report Significant Revenue Growth Amid AI Boom

Despite U.S. restrictions, the company develops new chips for the Chinese market and introduces a top-tier AI chip, the H200.

Nvidia, the leader in artificial intelligence chips, is expected to report a nearly 173% jump in revenue for the third quarter, according to analysts.
The company's stock price has increased 237% in 2023, outpacing any other member of the S&P 500 and reaching a market cap of $1.2 trillion.
Despite U.S. restrictions on sales of its high-end chips to China, Nvidia has reportedly developed three new chips for the Chinese market.
Nvidia has introduced a new top-of-the-line chip for AI, the H200, which is expected to help maintain its lead over AMD.
Major cloud service providers including Amazon Web Services, Google Cloud, Microsoft Azure and Oracle Cloud Infrastructure will be among the first to offer access to H200 chips.