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bullish
NVIDIA Rebounds On ChatGPT Surge
SUMMARY
- NVIDIA yesterday reported Q4 2022 revenues of $6.05 billion, in line with their forecast, down 21% from a year ago and up 2% sequentially.
- Interestingly, NVIDIA’s current downturn is playing out almost exactly like their previous downturn back in 2019 as can clearly be seen in the above chart.
- We expect to see this same recovery pattern continue throughout the remainder of 2023.
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