KeyBanc Capital Markets sees a 'significant increase' in demand for Nvidia's AI for Chinese customers, a potential source of revenue upside.
Sales of Nvidia 's revamped "made for China" artificial intelligence chip may exceed downbeat expectations, according to new Wall Street research — a potentially meaningful development for the top-performing Club stock. Demand for one of Nvidia's China-specific H20 chips is "much higher than anticipated" and could generate between $9 billion and $12 billion in incremental revenues this year, analysts at KeyBanc Capital Markets said in a note to clients on Sunday.
mountain Nvidia's stock performance over the past 12 months. Nvidia has seen its business boom and its stock price soar since late 2022 when the launch of ChatGPT sparked a wave of investment in AI technology. Nvidia is by far the leading maker of AI chips, and fervent demand for its processors in the U.S. and other countries has allowed the company to shake off the recent hit to its China business and grow its total sales at an impressive clip.
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