Bloomberg Intelligence BI Weekend: Nvidia Earnings, Apple US Investment
Feb 28, 2025
Discover the latest insights on Nvidia's strong earnings report amidst margin challenges. Dive into Starbucks' surprising corporate job cuts and what it means for the beverage industry. Learn about Apple's ambitious plan to invest in the U.S. economy with 20,000 new jobs. Explore Home Depot's financial strategies in a fluctuating market. Delve into Walmart's transformation efforts as it adjusts to e-commerce competition, while tackling mental health initiatives for employees. A must-listen for business enthusiasts!
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NVIDIA Earnings Analysis
- NVIDIA's recent earnings were good but not great, with lower-than-expected margin guidance.
- The company is pushing its ramp to the back half of the year, especially concerning margins.
NVIDIA Margin Outlook
- NVIDIA's gross margins are expected to bottom around 70% in the July quarter before jumping to 75% over six months.
- This margin ramp, however, is subject to risks related to export controls.
NVIDIA's Growth Potential
- Despite the law of large numbers, NVIDIA can maintain growth due to the increasing demand for compute in AI, robotics, and other areas.
- The company's defensibility hinges on the amount of compute needed and GPUs' competitive advantage.