ChatGPT Effect: NVIDIA Mentioned the Word “AI” 75 Times in Its Earnings Call

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NFTs and metaverse were all the rage just a few months back, prompting Facebook to implement a complete revamp of its ethos – one that may or may not yield dividends by the tail-end of this decade. Now, however, AI is the new flashy buzzword, and NVIDIA is jumping head over heels into this emergent frenzy.

In spite of large, YoY reductions in rev (-21%) and EPS (-33%), @NVIDIA/ $NVDA did beat expectations handily by 9.46% and revenue by .53%. Solid guide, too.

-DC: +11% via US CSP AI-Gaming: -46% via inventory rebalance, lack of AAA, crypto. +16% sequentially is very positive.… https://t.co/fLUIwlsEoJ pic.twitter.com/iCY3tWbgKf

— Patrick Moorhead (@PatrickMoorhead) February 23, 2023

As we noted in a dedicated post, NVIDIA beat expectations on its top-line and bottom-line metrics. To wit, the company reported revenue of $6.05 billion for the fourth quarter of 2022, exceeding expectations by $31.6 million. Similarly, the semiconductor giant reported a net income of $1.4 billion and adjusted EPS of $0.88, beating expectations by 10 percent.

Additionally, the weakness in NVIDIA’s gaming division appears to be firmly lodged in the rearview mirror now, with the division posting a healthy sequential growth of 16 percent in revenue.

Here's how many times these companies mentioned #AI on their latest earnings calls:

◦Nvidia: 75 times◦Google: 62 times◦Facebook: 33 times◦Microsoft: 31 times◦Apple: 2 times◦Amazon: 0 times@CNBC

— Carl Quintanilla (@carlquintanilla) February 23, 2023

While NVIDIA showed an overall improvement in its financials, the fourth quarter earnings call was all about AI. As shown