The January quarter will cap off the second fiscal year where Nvidia's sales more than doubled. It's a breathtaking streak driven by the fact that Nvidia's data center graphics processing units, or GPUs, are essential hardware for building and deploying artificial intelligence services like OpenAI's ChatGPT. In the past two years, Nvidia stock has risen 478%, making it the most valuable U.S. company at times with a market cap over $3 trillion.
But Nvidia's stock has slowed in recent months as investors question where the chip company can go from here.