NVIDIA REVENUE INCREASES - AI WAVE IS COMEBACK?

Nvidia's Q2 2024 revenue report reached $30B (x2 compared to last year), exceeding expectations by ~10%. Immediately after the announcement, $NVDA fell ~7% due to the "sell the news" effect

Despite the decrease in profit margins, the demand for AI chips increased, the Sovereign AI market raised its estimated revenue to $11B - $13B, the widespread wave of AI enterprises showed that Nvidia still maintained its position

Looking back at last year, when Nvidia reported Q2 revenue, the price of $NVDA also decreased and went sideways for a short time before exploding, the Crypto market also reacted similarly

With positive signals from Nvidia and the September interest rate cut, the timing just matched last year's period

=> Qualifying for the#AIsystem to grow strongly in Q4/2024.