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Bloomberg Surveillance

Special Edition: Nvidia Forecast Misses Loftiest AI Estimates

Nov 20, 2024
Redd Brown, an earnings reporter for Bloomberg News, offers a deep dive into NVIDIA's recent earnings forecast that fell short of lofty expectations, sparking a 4% drop in stock shares. The discussion highlights the challenges NVIDIA faces, such as supply constraints and competition in the AI and chip development space. Brown also analyzes the implications of NVIDIA's 48% boost in R&D spending, signaling their intentions to maintain a competitive edge. The landscape for financial projections in the tech sector and evolving demand dynamics are also key points.
19:36

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Nvidia's revenue forecast for the fourth quarter fell short of expectations, raising concerns about the sustainability of its growth amid supply constraints.
  • The company continues to experience strong demand for AI applications despite facing challenges with chip design and overheating issues.

Deep dives

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