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Except for Nvidia (NVDA), which will report its earnings later this month, all other “Magnificent 7” constituents have released their earnings for the December quarter. These companies, which include the so-called “hyperscalers,” are the biggest buyers of Nvidia’s artificial intelligence (AI) chips. Their earnings calls are as important for Nvidia investors as it is perhaps for their investors. In this article, we’ll look at the key takeaways from the recent earnings of Magnificent 7 companies and discuss their implications for Nvidia. Let’s begin by looking at the positives first.
