I Will Make Nvidia Holders Millionaire, Nvidia Stock News

uh India has a a sovereign AI initiative going and they're uh building their AI infrastructure they recognize that their country's uh knowledge their country's data Digital Data is also their natural resource not just the land they're sitting on not just the air above them but they they realize now that their their digital knowledge is part of their natural and National resource there were no functional changes Mr Huang said on the call customers are continuing to purchase nvidia's current line of gpus he said because they need accelerated Computing well the most important thing that we do is increase the performance of and increase the performance and efficiency of our next Generation so Blackwell is many times more performant than Hopper at the same level of power used and so that's Energy Efficiency more performance with the same amount of power or same performance at a lower power and that's number one and uh the second is using uh Luca coing Mr hang has pushed to bolster its business and compete with its customers last year the company developed its own cloud computing product dgx Cloud which charges customers $37,000 a month to have access to and control one of its supercomputers AIS um but it's very likely that these large models Within help to train and teach smaller models and what we'll end up doing is have one large uh you know few large models uh that are able to train a whole bunch of small models and they run everywhere well the fact that we're growing would suggest that our supply is improving and our supply chain is is quite large one of the largest Supply chains in the world uh we have incredible partners and they're doing a great job supporting us in our growth um as you know we're one of the fastest growing technology companies in history and none of that would have been possible without very strong demand but also very strong Supply uh we're expecting Q3 to have more Supply than Q2 we're expecting Q4 to have more Supply than Q3 and we're expecting q1 to have more Supply than Q4 and so I think our supply our supply condition going into next year will be in will be a large improvement over this last year Hopper demand remains strong and the anticipation for Blackwell is incredible in viia CEO Jensen said adding that the chipmaker achieved record revenues as global data centers are in Full Throttle to modernize the entire Computing stack with accelerated Computing and generative AI uh we are large consumers of it because we create a lot of AI ourselves because our chips aren't possible to design without AI our software is not possible to write without Ai and so we use it ourselves trem you know tremendous amount of it self-driving cars the general robotics work that we're doing the Omniverse work that we're doing so we're using the dgx cloud for ourselves and so so so there are three fundamental reasons why we do it uh one is to have the best version of Nvidia inside all the clouds two because we're large consumer ourselves and third uh because we use it for AI Foundry for to help every other company nvidia's highly anticipated Blackwell is expected to help cement its AI leadership with CEO Jensen hang previously saying he expects nvidia's Blackwell platform could be the most successful product in the company's history City analysts maintain a buy rating on Nvidia stock raising their price Target to $150 they anticipate the stock reaching new highs post earnings particularly as the company provides insights into its new AI chip Blackwell cloud and I want to ask finally do you have plans to become literally a cloud compute provider uh no uh our GPU Cloud was designed to be the best version of Nvidia cloud that's built within each Cloud Nvidia djx cloud is built inside gcp inside Azure inside AWS inside oci Mr hang's press science nvidia's value has tripled over the past year to more than $3 trillion from $1 trillion making it one of the three most valuable technology companies in the world along with Microsoft and Apple but uncertainty about the sustainability of the AI expansion has made its stock price more unpredictable than that of its peers Revenue was 30.4 Bill billion in the quarter surpassing its $28 billion estimate in May net income Rose to $16.95 billion from $619 billion a year ago eclipsing the most recent quarterly profits of meta and Amazon nvidia's board also approved a new 50 billion share buyback plan the company said it had $7.5 billion worth of previously authorized repurchases as of the end of the first half nvidia's earnings top expectations but growth slows Weighing on its stock data center Revenue Rises to record high on AI demand data center revenue for the fiscal second quarter was $ 26.3 billion setting a new record high and more than doubling from the year prior Hopper demand remained strong and the anticipation for Blackwell is incredible hang said Nvidia achieved record revenues as global data centers are in Full Throttle to modernize the entire Computing stack with accelerated Computing and generative AI the company's data center Revenue it's most closely watched Financial metric increased by 154% from a year ago to $26.3 BN um with respect to demand uh uh Blackwell is just such a leap and and there's several things that are happening you know just the foundation model makers themselves the size of the foundation models are growing from hundreds of billions of parameters to trillions of parameters uh they're also learning more languages instead of just learning human language they're learning the language of image Imes and sounds and um uh videos and revenue was $3.4 billion in the quarter surpassing its 28 billion estimated in May net income Rose to $16.95 billion from $619 billion a year ago eclipsing the most recent quarterly profits of meta and Amazon Nvidia says plans for new Blackwell AI chip still on track after concerns about reported delays in nvidia's Blackwell AI chips sent nvidia's stock price tumbling earlier this month the chipmaker said Wednesday it began shipping some samples of its Blackwell chip in the second quarter and expects to ship several billion dollars in Blackwell Revenue during the fourth quarter as production ramps up after concerns about reported delays in nvidia's Blackwell AI chip sent nvidia's stock price tumbling earlier this month the chipmaker said Wednesday it began shipping some samples of its Blackwell chip in the second quarter and expects to ship several billion dollars in Blackwell Revenue during the fourth quarter as production ramps up the chipmaker gave a stronger than expected outlook for the third quarter of fiscal 20125 with Revenue expected to be around $32.5 billion despite nvidia's earnings and Revenue the chipmaker stock was down over 5% at $118 they're even learning the the language of 3D graphics and and whenever they are able to learn these languages they can understand what they see but they can also generate what they're asked to generate and so uh they're learning the language of proteins and chemicals and and physics um you know it could be fluids and it could be uh particle physics and and so they're learning all kinds of different languages or learn the meaning of what we call modalities but basically learn the languages and so and 40 cents in extended trading Wednesday following the company's earnings release demand for nvidia's Blackwell chip outpaces Supply Nvidia Chief Financial Officer Colette cres said during the earnings call that demand for Blackwell platforms is well above Supply cres added that Nvidia expects this to continue into next year due to high demand even as production ramps up and availability improves still Nvidia shares dipped as much as 5% in after hours trading following the report nvidia's Peerless AI processes have helped fuel a boom in AI technology across the tech sector as well as an AI craze on Wall Street the company's Shares are up a dizzying 154% this year and more than 3,000% over the past 5 years thanks to the AI frenzy the company's market value is now over $3 trillion one of only 3s companies ever to achieve that Milestone what's more there's only so long any company can continue to grow at such a fast clip while Nvidia beat Wall Street's expectations for the top and bottom lines investors appeared disappointed that it didn't beat by a wider margin and rumors about potential delays in the company's latest AI chips called Blackwell had contributed to worries leading into the earnings report although Executives said during Wednesday night's earnings call that Nvidia still expects to begin earning revenue from Blackwell in this fiscal year Nvidia stock stock slips even after earnings top Wall Street estimates and demand for AI chip surge the company reported second quarter adjusted earnings per share of 68 cents per share up from 27 cents a year ago demand for generative AI products that can compose documents make images and serve as personal assistant has fueled sales of nvidia's specialized chips over the last year so these models are growing in size they're learning from more data and there are more model makers uh than there was a year ago in June Nvidia briefly Rose to become the most valuable company in the sp500 the company is now worth over $3 trillion through the year's first 6 months nvidia's stock soared nearly 150% at that point the stock was trading at a little more than 100 times the company's earnings over the prior 12 months that's much more expensive than it's been historically and than the SP 500 in general that's why anal warn of a selloff if Wall Street sees any indication that AI demand is waning the Santa Clara California based company carved out an early lead in AI applications race in part because of founder and CEO Jensen hang successful bet on the chip technology used to fuel the industry the company is no stranger to Big bets nvidia's invention of the graphics processor unit or GPU in 1999 helped spark the growth of the PC gaming market and redefine computer Graphics retail investors bought big into Nvidia before earnings Vander retail investor purchases of nvidia's shares ahead of today earnings report dwarfed buying of other high-profile Tech shares according to Vander research retail investors picked up a net $1.4 billion worth of the shares in the 5 days through Tuesday Vander said six companies led by Tesla saw net retail purchases of between $100 and 200 million do a piece our data make it very clear that self-directed retail Traders have been a key driver of the rebound in Nvidia shares Vander wrote Wednesday afternoon but now individuals positions look relatively stretched and thus pose a risk to the stock should institutional players show muted appe appetite Nvidia said on Wednesday it had already shipped Blackwell Pilots to customers and partners it expected sales to ramp up from the end of the year traders in the US Equity options Market had expected the earnings report to spark a more than $300 BN swing in the shares in advance of the release being made public but analysts said that the share price declines seen instead May reflect Jitters on the value question but early trading suggests that's not enough to keep the market happy it's less about just beating estimates now markets expect them to be shattered and it's the scale of the beat today that looks to have disappointed a touch some Ma customers including meta and Amazon were also hit but the red Figures were around the 1% Mark for both The Fortunes of Nvidia which holds 80% of the AI chip Market are being closely watched for signals that the big investment opportunity that his AI remains on a solid upward curve for NVIDIA or recession while seen as very unlikely would be a risk to demand for AI and therefore its products its prospects and success to date has earned at a lofty market value of $3.2 TRN according to LSC data but the chipmaker Nvidia showed on Wednesday that enthusiasm for is still running hot the company a bellweather for ey spending blew past wall Street's expectations for another quarter reporting that its sales and profit had more than doubled during the 3 months that ended in July it also projected that sales in the current quarter would increase 80% from a year ago exceeding earlier estimates shares in the company which has been one of the Market's hottest stocks fell by as much as 7% in after hours trading as the company acknowledged that it had some production challenges with a forthcoming AI chip it said that the chip would still be available to customers this year the results speak to how Nvidia continues to dominate the market for ey chips even as it faces Rising competition and staggering expectations years before other big chip companies nvidia's chief executive Jensen hang bet that semiconductors known as Graphics processing units or gpus would make a eye systems possible he built the company over the ensuing years to Corner the market Nvidia now supplies more than 90% of the chips essential to building AI it is raking in sales as bigger companies such as Microsoft meta Amazon and alphabet the parent company of Google pour more than $50 billion into building AI they centers to support Endeavors as varied as chatbots like chat GP Tate and pharmaceutical companies using the technology to develop new drugs Nvidia is at the Forefront of what is expected to be $1 trillion in spending on data centers and energy costs to support AI according to analysts compensation benefits drove Nvidia expense growth compensation and benefit drove growth and expenses at Nvidia in Q2 according to published commentary by CFO colet CR operating expenses according to generally accepted accounting principles Rose 48% year-over-year and 12 % sequentially according to the commentary while non-gap operating expenses Rose 52% and 12% respectively these increases were largely driven by compensation and benefits reflecting growth in employees and compensation the commentary read City analysts maintain a buy rating on Nvidia stock raising their price Target to $150 they anticipate the stock reaching new highs post earnings particularly as the company provides insights into its new AI chip Blackwell cnbc's Jim krammer offers a more nuanced perspective cautioning against judging nvi are solely on one quarter's performance he emphasizes the company's intrinsic value stating we can't judge Nvidia like other companies so we certainly can't judge at stock by one static quarterly snapshot however some analysts urge caution Dan Ives of wed Bush Securities notes while Nvidia growth story is compelling the current valuation leaves little room for error any hint of slowing demand could lead to a significant correction analysts welcome the results despite signs that nvidia's extraordinary sales growth might ultimately slow the company continues to benefit from a market Paradox big Tech aggressive AI investment strategies Drive massive demand for nvidia's chips even as these same companies invest in developing their own silicon said Jacob Bourne a technology analyst with a marketer envidia has told customers that its next Generation AI chips code named Blackwell will be delayed several months from January though early samples are shipping to a small group of customers now however its current line of Graphics processing units nicknamed Hopper continues to sell well chief executive officer Jensen hang said in a press release Hopper demand remains strong and the anticipation for Blackwell is incredible hang said Nvidia achieved record revenues as global data centers are in Full Throttle to modernize the entire Computing stack with accelerated Computing and generative AI the company's data center Revenue its most closely watched Financial metric increased by 154% from a year ago to $26.3 BN