Important
AUGUST 28, 2024 AT 09:13 PM[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
Source
SectionUS Equities
- 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.