AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Bloomberg Daybreak: Asia Edition
Instant Reaction: Nvidia Sales Forecast Falls Short
Aug 28, 2024
Ed Ludlow, a co-host of Bloomberg Technology, and Kunjan Sobhani, a Senior Semiconductor Analyst at Bloomberg Intelligence, delve into Nvidia's latest earnings forecast that fell short of high expectations. They discuss the implications of this forecast on investor sentiment and the company's recent revenue performance. The conversation highlights Nvidia's significant $30 billion earnings and strategic moves like share buybacks. The duo also explores upcoming product launches, including the new AI accelerator, Blackwell, and its potential impact on Nvidia's market position.
21:47
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Nvidia's third quarter revenue forecast of $32.5 billion, while solid, fell short of some optimistic estimates, raising investor concerns about growth sustainability.
- The company's reliance on major clients like Microsoft and the anticipated launch of new AI chips are critical factors influencing its future market performance.
Deep dives
Nvidia's Earnings Report Overview
Nvidia's recent earnings report revealed a second quarter revenue of $30 billion, surpassing the expectations of $28.86 billion. The company's data center revenue was particularly noteworthy, reaching $26.3 billion, which beat estimates of $25.08 billion. Despite this success, Nvidia's third quarter guidance projected revenue at approximately $32.5 billion, which, while aligned with analyst averages, fell short of some lofty expectations as high as $39 billion. This mixed performance exemplifies the tension between Nvidia's strong revenue growth and the high-market expectations that could lead to disappointment among investors.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode