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

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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

 

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