Nvidia shares have nearly tripled in value this year, adding more than $700 billion to the company's market valuation and making it the first trillion-dollar chip firm.
If Nvidia shows weakness, we could be in for quite a substantial correction in the market."
Nvidia has only forecast revenue below estimates once in the past two years.
Citi analysts said last week they were only modeling a revenue forecast of around $12 billion, but buy-side expectations have gone up to $14 billion.
AMD expects to start shipping the chip in the fourth quarter and could control roughly 10% of the AI chip market next year, analysts said.
Persons:
Ann Wang, Inge Heydorn, Heydorn, Piper, Harsh Kumar, doesn't overcharge, Kumar, Chavi Mehta, Aditya Soni, Anil D'Silva
Organizations:
REUTERS, Nvidia, Big Tech, GP, AMD, Citi, Google, Reuters, Thomson
Locations:
Taipei, Taiwan, China, Bengaluru