Nvidia forecasts quarterly revenue above estimates
- On Wednesday, Nvidia forecast $108 billion in quarterly revenue, beating Wall Street estimates, yet shares fell 1.2% in extended trading as investors remained skeptical about long-term AI market dominance.
- Growing competition from central processors and custom chips by rivals Intel and AMD, coupled with Big Tech customers like Microsoft and Meta investing in in-house chip efforts, has undermined investor confidence.
- Big Tech companies reinforced expectations to spend more than $730 billion on AI infrastructure this year, up significantly from last year's 400 billion outlay, while Nvidia expects a gross margin of roughly 74%.
- Scrutiny has mounted of Nvidia's role in the AI financing ecosystem after it agreed to guarantee deals aimed at raising more than $500 billion, while the company unveiled a Vera Rubin platform using Groq technology in March.
- Despite projecting a revenue opportunity exceeding $1 trillion through 2027, Nvidia has gained just 14.2% so far this year as of Tuesday's close, while AMD and Intel have more than doubled.
31 Articles
31 Articles
Nvidia, the world’s most valuable company, has again surpassed market forecasts. The US company, world leader in artificial intelligence chips, announced on Wednesday the results of the second quarter of its fiscal year 2027 (closed on July 26, 2026) with record figures confirming the unstoppable impulse of ... Continue reading "Nvidia exceeds expectations: the US giant succeeds in doubling its sales and triggers profit by more than 130%"
Nvidia has a blowout quarter, but Wall Street wants more
Nvidia topped revenue and earnings expectations in its latest quarter, but the stock ticked downward in extended trading Wednesday as investors maintained high expectations for the AI darling. Why it matters: The stock is widely considered a bellwether for the health of the broader AI economy, but lately it has been trailing the broader semiconductor sector in market gains.Zoom in: Nvidia posted revenue of $96.2 billion, more than doubling its y…
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Nvidia doubles its sales, but it still hasn’t impressed investors
By Clare Duffy, Ramishah Maruf, John Towfighi, CNN New York (CNN) — Nvidia’s earnings Wednesday beat expectations and its revenue doubled from a year ago, but investors were left unimpressed.The chipmaker has seen soaring revenue sitting at the head of the AI boom. The company earned $96.2 billion in the most recent quarter, a 106% The post Nvidia doubles its sales, but it still hasn’t impressed investors appeared first on KVIA.
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