[EARNINGS CALL] NVIDIA (NVDA) CFO says demand for Blackwell platforms well above supply, expect this to continue into next year, for FY 25, expects operating expenses to grow in the mid-to-upper 40% range
- Expects data centre mix to continue to shift to new products in H2 fiscal year 2025.
- Q2 gross margins negatively impacted by inventory provisions for low-yielding Blackwell material and may continue to be impacted in future.
- CFO says company expects software, SaaS, and support revenue to approach USD 2bln annual run rate exiting fiscal 2025.
- Revenue from nations building AI applications is expected to reach low double-digit billions in fiscal 2025.
Reaction details (22:15)
- Shares -5.7% at 22:14 BST.
- Shares -6.0% at 22:32 BST.
- Shares -6.9% at 22:53 BST.
- Shares -7.4% at 22.55 BST.
- Shares -7.7% at 22:57 BST.
- Shares -8.0% at 22:59 BST.
Analysis details (22:58)
- All-in-all, nothing too major out of the earnings call to reverse the post-earnings losses in shares.
- NVIDIA commentary was leaning more towards products as opposed to financials and outlook.
- Shares edged lower during the call before accelerating losses towards the end of the conference.
28 Aug 2024 - 22:13- Important- Source: Newswires
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