Andy Wang visits Today's 360 Round on Schwab Network with Nicole Petallides.

“The only blemish was the China commentary,” says Angelo Zino. However, he adds that there is potential upside in China as Nvidia is working on new offerings that could be allowed in the region.

Andrew Wang sees continued growth in Nvidia's data center offerings as it remains the major player in generative artificial intelligence.

NVIDIA Corporation (NVDA)

  • Nvidia's share of the Data Center Computer market has grown from ~15% five years ago to ~70%
  • Networking exceeded an annualized revenue run-rate of $10bn for the first time
  • Long-term impact from export restrictions remains uncertain
    • Nvidia's China Data Center business accounted for 20-25% of Data Center segment revenue prior to export restrictions
    • Tencent, Alibaba, ByteDance have stockpiled chips
  • Traditional valuation metrics can be difficult to apply