Bloomberg Daybreak: Asia Edition
Nvidia Forecast Misses Loftiest Estimates
Nov 21, 2024
In this insightful discussion, Angelo Zino, Senior Vice President at CFRA Research, and Stefanie Holtze-Jen, APAC Chief Investment Officer at Deutsche Bank Private Bank, delve into NVIDIA's recent earnings forecast, which fell short of analysts' expectations. They explore the buoyant AI sentiment's impact on the tech sector and discuss potential trade shifts under new U.S. leadership that could affect semiconductor tariffs. Additionally, they highlight key trends in the Asia-Pacific markets and the importance of strategic investment amidst economic changes.
21:29
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Quick takeaways
- NVIDIA's revenue forecast of $37.5 billion falls short of high expectations, highlighting cautious optimism in the AI market.
- Investor concerns about market valuations leading to potential corrections emphasize the need for long-term strategies amidst geopolitical uncertainties.
Deep dives
NVIDIA's Revenue Forecast and Market Demand
NVIDIA's latest revenue forecast for the upcoming quarter aligns with analyst expectations but remains slightly below the most optimistic predictions. The company's guidance suggests a revenue of approximately $37.5 billion, falling short of the projected $41 billion, yet it reflects strong demand driven by their advanced Hopper architecture in the previous quarter. This indicates that while NVIDIA is optimistic about future technological advancements, including the anticipated ramp-up of their Blackwell products, they are adopting a cautious approach in their outlook. The ongoing interest in artificial intelligence has heightened market scrutiny, raising questions about sustainability and potential investor disinterest in the future.
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