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  5. Nvidia Reports Record Sales Despite Share Price Decline

Nvidia Reports Record Sales Despite Share Price Decline

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Nvidia has experienced a significant surge in demand for its semiconductors, with revenue more than doubling in the latest quarter compared to the same period last year. The company reported record revenues of $30 billion over a three-month period, exceeding analyst forecasts of $28.7 billion. This growth is attributed to the AI boom, with Nvidia being one of the major beneficiaries. However, some analysts were disappointed by the company's forecast of third-quarter sales of $32.5 billion, which fell short of their estimates of up to $37.9 billion.

  1. GB
    Alvin Nguyen
    Forrester
    1. A thousand use cases for AI is not enough. You need a million.
  2. GB
    Matt Britzman
    Hargreaves Lansdown
    1. Markets expect them to be shattered and it's the scale of the beat today that looks to have disappointed a touch.
  3. GB
    Simon French
    Panmure Liberum
    1. If you're going to raise expectations that high then you've got to keep growing at spectacular rates.

Nvidia

  1. Nvidia Announces Plan to Build Up to $500 Billion in US AI Infrastructure
  2. Nvidia Becomes World's Most Valuable Company
  3. Nvidia Surpasses Apple as Second-Largest Public Company in the US

sources

  1. 1.BBC
  2. 2.CTV News
  3. 3.The Times
  4. 4.Wall Street Journal

perspectives

  1. 1.US-China Relations
  2. 2.US Economy
  3. 3.Tech industry
  4. 4.China Claims in South China Sea
  5. 5.Political status of Taiwan
  6. 6.Artificial Intelligence
  7. 7.Datacenters
  8. 8.Semiconductor industry

countries

  1. 1.United StatesUS

organizations

  1. 1.NvidiaUS
  2. 2.AppleUS
  3. 3.Forrester
  4. 4.Hargreaves Lansdown
  5. 5.Intel
  6. 6.Microsoft
  7. 7.Panmure Liberum

persons

  1. 1.Alvin NguyenGB
  2. 2.Jensen Huang
  3. 3.Matt BritzmanGB
  4. 4.Simon FrenchGB
  5. 5.Taylor SwiftUS

technicals

  1. 1.Blackwell
  2. 2.Hopper