Rise and shine everyone.
The big day is over! Nvidia earnings came in as a double beat but less than stellar when compared to what the market was expecting.
Jensen Huang took to Bloomberg to answer a few questions on the Blackwell Chips, which people are fearing will be delayed. While demand exceeds supply for the Blackwell chips, they expect to ramp up production in Q4 and book “billions and billions” of revenues.
“The company acknowledged that there were issues with production, saying that it was making changes to improve its manufacturing yield — the number of functioning chips that come out of factories.
Third-quarter revenue will be about $32.5 billion, the company said. Though analysts had predicted $31.9 billion on average, estimates ranged as high as $37.9 billion.” - BBG
The stock continued to decline as analysts asked questions and it felt like answers were not being provided clearly. It’s recovering in the pre-market now.