Nvidia reports first-quarter earnings after the bell

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 63 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 51%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Nvidia has grown from being a fairly niche developer of 3D gaming hardware a decade ago to the chipmaker at the heart of the AI boom.

Wall Street expects the company to report revenue growth in excess of 200% for a third straight quarter.Nvidia's report comes about a year after the company first signaled to investors that it was about to embark on a stretch of torrid growth powered byRevenue has increased by more than 200% in each of the past two quarters, and Wall Street is expecting that trend to continue, with estimates showing a 243% surge in the first quarter from a year earlier.

The company's current generation of AI graphics processing units , called Hopper, are required by the top AI scientists to develop chatbots, translators, and image generators. For the past year, customers have been buying them up in droves, with the top cloud and internet companies spending billions of dollars on the technology to build out their infrastructure.

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyBut questions are swirling about the sustainability of Nvidia's meteoric growth as many customers have to start showing a profit from all their hefty expenditures. AI software costs significantly more to run than traditional software, partially due to the outlay necessary for Nvidia GPUs.

Nvidia is also starting to ship its next-generation AI GPUs, called Blackwell. Some businesses may be eyeing the upcoming chips, causing a possible lull in sales of the existing technology. Starting in the fiscal second quarter, Nvidia will bump up against tough year-over-year comparisons to the initial days of AI-driven growth. Analysts expect expansion to dip below 100% in the July quarter and decelerate significantly over the following two periods.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 545. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stocks are little changed as Wall Street awaits big Nvidia earnings: Live updatesThe major averages were little changed Wednesday as investors looked ahead to the widely-anticipated release of Nvidia's latest earnings report.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Nvidia Needs Supersized Earnings Beat to Keep Rally Alive: Here's What to WatchStocks Analysis by Investing.com (David Wagner) covering: Dow Jones Industrial Average, Intel Corporation, Microsoft Corporation, Amazon.com Inc. Read Investing.com (David Wagner)'s latest article on Investing.com
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »

Nvidia to release earnings as AI demand continues unabatedRival computer chip makers are racing to catch up but Nvidia still holds a leading edge in powering the artificial intelligence boom as it prepares to release its latest financial results Wednesday.
Fonte: AP - 🏆 728. / 51 Consulte Mais informação »

Nvidia to release earnings as AI demand continues unabatedRival computer chip makers are racing to catch up but Nvidia still holds a leading edge in powering the artificial intelligence boom as it prepares to release its latest financial results Wednesday.
Fonte: ksatnews - 🏆 442. / 53 Consulte Mais informação »

Nvidia to release earnings as AI demand continues unabatedRival computer chip makers are racing to catch up but Nvidia still holds a leading edge in powering the artificial intelligence boom as it prepares to release its latest financial results Wednesday.
Fonte: wjxt4 - 🏆 246. / 63 Consulte Mais informação »