posted strong quarterly results after Wednesday’s closing bell but forecast a third-quarter gross margin that could miss market estimates — putting a damper on investors who have driven a dizzying rally in the AI chip giant.
It posted revenues for the three months ended in July of $30 billion, up 15% from the previous quarter and up 122% from a year ago. Current and former employees at Nvidia, quoted by the Bloomberg news agency, described the “pressure cooker” demands of seven-day work weeks, long office hours with regular 2 a.m. finishes and frequent shouting matches and fights at meetings.
Huang, whose net worth is estimated to be $111 billion by the Bloomberg Billionaires Index, claims he is reluctant to fire employees, opting instead to “torture them into greatness.”“When you fire somebody, you’re saying, a lot of people say: ‘it wasn’t your fault’, or ‘I made the wrong choice’, or ‘there are very few jobs’,” Huang said during an interview in June when asked why he doesn’t fire people.
Nederland Laatste Nieuws, Nederland Headlines
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Bron: CNBC - 🏆 12. / 72 Lees verder »