Nvidia Talked Up Generative AI 2 Weeks Before ChatGPT. The Clues Hold Up.

Nvidia's November 2022 earnings call, two weeks before ChatGPT's release, contained clear signals about the generative AI boom. While the report appeared disappointing on the surface with missed targets and gaming revenue collapse, management specifically highlighted large language models and generative AI as drivers of 31% data center revenue growth. The company was already shipping H100 GPUs for AI workloads, and its systems-level approach to AI infrastructure—including networking and storage—positioned it to capture significant value from the emerging AI wave.