Nvidia Corp (NASDAQ:NVDA) continues to command investor attention as Microsoft Corp (NASDAQ:MSFT) and Alphabet Inc (NASDAQ: GOOG) (NASDAQ:GOOGL) post upbeat quarterly results.
Microsoft reported Q4 revenue of $56.2 billion, up 8% year-over-year, beating the Street consensus estimate of $55.47 billion.
The company reported earnings per share of $2.69, ahead of a Street estimate of $2.55.
It acknowledged the focus on leading the new AI platform shift.
Alphabet said second-quarter revenue increased 7% year-over-year to $74.604 billion, which beat the consensus estimate of $65.42 billion.
The company reported quarterly earnings of $1.44 per share, which beat analyst estimates of $1.20 per share.
Alphabet also mentioned how AI drove the next evolution of Search and improved its services.
Also, a report indicated that Nvidia and OpenAI could collaborate over an AI model that can combine not thousands but millions of GPUs.
Nvidia has supplied around 20,000 of its brand-new AI GPUs to OpenAI, likely for further expansion in the coming months.
Nvidia and OpenAI have already collaborated on ChatGPT, whose latest GPT-4 model utilizes several thousands of AI GPUs.
According to Wang Xiaochuan, the founder of the Chinese search engine Sogou, ChatGPT is already working on a more advanced AI computing model that can connect 10 million AI GPUs together.
Given the current capacity of Nvidia, the company can only produce a million AI GPUs. But Nvidia is working with Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM) to increase supply.
Thanks to its Hopper and Grace GPUs, analysts have already crowned Nvidia the biggest beneficiary of the generative AI boom.
Price Action: NVDA shares traded lower by 0.82% at $453.06 on the last check Wednesday.
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