Nvidia CEO Takes Strong Stance on its Value Versus Competitors

The Street2023-05-25

In an earnings call dominated by talk of artificial intelligence, Nvidia CEO and founder Jensen Huang addressed his competition, explaining why Nvidia's position, compared to its competitors, is so ...

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Musky
2023-05-25
Musky
Dont bet against a super bull theme...
Wenmoon
2023-05-25
Wenmoon
Absolute crazy. +24% after market. Bulltrap of the year.

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Mentioning the universal versatility of Nvidia's GPUs, Huang said it really comes down to data center expertise. \"Some of the largest supercomputers in the world were installed a year-and-a-half ago and now they’re coming online,\" Huang said. \"Our delivery-to-operations is measured in weeks. We’ve taken data centers and supercomputers and turned them into products. All of this technology translates into the infrastructure.\"\"I think our market is of course very competitive, very large, but the challenge is really, really great.\"The AI-focused tech giant beat analyst expectations on both revenue and earnings for its first-quarter fiscal year 2024 results. Nvidia reported non-GAAP earnings of $1.09 per share, compared to estimates of $.92, and revenue of $7.19 billion, up from the estimated $6.5 billion. Revenue was down 13% year-over-year, but up nearly 20% sequentially. $(NVDA)$, reporting record revenue from its Data Center vertical -- up 14% from last year -- said that growing demand for AI models led to revenue growth. The company also posted an outlook for the next quarter, forecasting a record $11 billion in revenue that will be driven by AI demand. “The computer industry is going through two simultaneous transitions -- accelerated computing and generative AI,” Nvidia CEO Jensen Huang said. \"A trillion dollars of installed global data center infrastructure will transition from general-purpose to accelerated computing as companies race to apply generative AI into every product, service and business process.\"Nvidia stock, in response to the forecast, jumped more than 25% in after-hours trading.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9970767792,"gmtCreate":1684998120718,"gmtModify":1684998124684,"author":{"id":"4109816621463940","authorId":"4109816621463940","name":"Musky","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Dont bet against a super bull theme...","listText":"Dont bet against a super bull theme...","text":"Dont bet against a super bull theme...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970767792","repostId":1113048026,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9970767976,"gmtCreate":1684996868095,"gmtModify":1684996878732,"author":{"id":"3578364353465552","authorId":"3578364353465552","name":"Wenmoon","avatar":"https://static.tigerbbs.com/87193852227f627283aca71a7f26fa16","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":1},"htmlText":"Absolute crazy. +24% after market. 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