News Formal

Nvidia's earnings report shows the problem of being priced for perfection

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

News News

Business Business Latest News,Business Business Headlines

Nvidia topped Wall Street estimates across the board in its earnings report on Wednesday, though its gross margin showed slight slippage.

Nvidia reported better-than-expected results on Wednesday and issued optimistic revenue guidance, but the gross margin showed slight slippage.sailing past estimates

In addition to reporting 122% annual revenue growth on Wednesday to over $30 billion, Nvidia said sales in the current period will jump about 80% to roughly $32.5 billion. Analysts were expecting close to $32 billion. Here's what to say when a friend is rude to you—and how to know when it's time to just end the relationshipFeeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly

Other than missing the"whisper" numbers, some investors may be looking at Nvidia's gross margin, which slipped a bit in the quarter to 75.1% from 78.4% in the prior period. That's up from 43.5% two years ago and 70.1% in the fiscal second quarter of last year. Huang also said that next-generation AI models would require"10, 20, 40 times" more computing power, echoing comments recently made by

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 545. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia's earnings beat Wall Street's estimates as AI momentum continuesNvidia's second-quarter earnings beat Wall Street analysts' expectations, with total sales and revenue from data centers coming in ahead of estimates amid strong demand for AI chips.
Source: FoxBusiness - 🏆 458. / 53 Read more »

S&P 500 futures rise marginally as Wall Street looks toward Nvidia earnings: Live updatesStocks rose modestly on Tuesday, with Nvidia giving the S&P 500 and Nasdaq Composite a boost.
Source: CNBC - 🏆 12. / 72 Read more »

Nvidia may find it hard to impress Wall Street with earnings bar raised so highInvestors have come to believe that beats and raises are part of the DNA for Jensen Huang's company.
Source: CNBC - 🏆 12. / 72 Read more »

Stock futures are little changed as Wall Street looks toward Nvidia earnings: Live updatesStocks rose modestly on Tuesday, with Nvidia giving the S&P 500 and Nasdaq Composite a boost.
Source: nbcchicago - 🏆 545. / 51 Read more »