Following the presentation of the balance sheet, the company’s CEO, Jensen Huang, stated that Nvidia’s long-awaited Blackwell products will go on sale this quarter amid “very strong” demand.
From the company Nvidia provided details about your new product line. Although Blackwell will go on sale this quarter, they assure that Chip production and engineering costs will weigh on profit margins. In turn, Nvidia’s sales forecast for the current period is below Wall Street projections,
Wall Street has been closely watching the launch of Blackwell, which will be faster and has an improved ability to connect with other semiconductors. What happened was that manufacturing problems slowed down the launch, and Nvidia warned again on Wednesday of supply limitations.
The company said that Blackwell is now in “full production” and that there is still appetite for Hopper, the previous design. “Blackwell is now in the hands of all our major partners”they specified.
Nvidia’s balance sheet
Nvidia reported earnings that beat expectations in sales and profits, while delivered a solid forecast for the current quarter.
The company linked to Artificial Intelligence generated revenues of US$35,080 million compared to the US$33,160 million expected. Nvidia said it expects about $37.5 billion, plus or minus 2%, in sales for the current quarter, compared to the $37.08 billion expected by analysts surveyed.
Revenue continues to rise at Nvidia, increasing 94% year-over-year during the quarter ending October 27. However, one of the indicators that could generate pessimism in the market is the consecutive slowdown compared to the previous three quarters, when sales increased by 122%, 262% and 265% respectively.
According to its report, net income during the quarter increased to $19.3 billion, or 78 cents per share, compared to $9.24 billion, or 67 cents per share, in the same period a year earlier.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
