AUG 28. Is AI industry still booming?

Chun09
5 min readAug 29, 2024

NVIDIA’s performance of the last quarter was not bad at all. This quarter’s revenue were just over $30 billion and net income was $16.9 billion. How many companies in the world can achieve this level of numbers?

Last year’s net income was $6.2 billion…

The performance figures clearly show how much NVIDIA has grown in one year. However, NVIDIA’s stock price fell and the US stock market indices also fell. NVIDIA announced its third quarter sales outlook of $32.5 billion.

The market seemed to have expected it to increase to $37 billion.

Past three years, about $330 billion has been invested in 26,000 AI companies around the world. It seems that everyone now thinks it is time to return the investment.

NVIDIA is a company that provides ONE STOP services to AI industry, They provide from semi conductor chips to AI software development and data management, playing as the actual backbone of the AI ​​industry. The measure of how active and successful…

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Chun09

Trying every day, engraving what we’ve been through