Many of you have been following us for a long time on Croblanc, and you already know that we regularly share new video content from the Youtube channel Bloomberg Television which our community is extremely fond of. That's why we decided to make a post about it, because we are sure you will enjoy this new video.
Not to hide anything, when we saw that the Youtube channel Bloomberg Television had published a new video called Nvidia Eases Concerns About China With Upbeat Sales Forecast, we did not hesitate one second to share it with you so that you can discover it!
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For your information, you can find below the description of the video Nvidia Eases Concerns About China With Upbeat Sales Forecast published by the Youtube channel Bloomberg Television:
Dan Ives, Global Head: Technology at Wedbush Securities, reacts to Nvidia earnings and discusses the outlook for the company and Big Tech. He speaks with Bloomberg's Tom Keene and Paul Sweeney.
Nvidia Corp. Chief Executive Officer Jensen Huang soothed investor fears about a China slowdown by delivering a solid sales forecast, saying that the AI computing market is still poised for “exponential growth.”
The company expects revenue of about $45 billion in the second fiscal quarter, which runs through July, it said Wednesday. New export restrictions will cost Nvidia about $8 billion in Chinese revenue during the period, but the forecast still met analysts’ estimates. That helped boost the shares as much as 6.4% after markets opened in New York on Thursday.
The outlook shows that Nvidia is ramping up production of Blackwell, its latest semiconductor design. The chipmaker — now the world’s largest by revenue and market value — dominates the field of AI accelerators, the components that help develop and run artificial intelligence models. And an ever-broader lineup of hardware and software is letting Nvidia sell more products to customers.
As part of that push, the company is offering its chips as part of whole computer systems — a move it says is necessary to speed up the deployment of more complex and powerful technology. Nvidia expects AI infrastructure to eventually transform economies around the world.
“Every nation now sees AI as core to the next industrial revolution — a new industry that produces intelligence and essential infrastructure for every economy,” Huang said on a conference call with analysts.
Sales in the first quarter, which ended April 27, rose 69% to $44.1 billion. That compared with an average estimate of $43.3 billion.
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