Demand for Nvidia's pricey artificial intelligence chips will be in focus when the company reports results on Wednesday (Feb 26) as investors doubt the hefty spending on the technology after low-cost AI models from China's
Demand for Nvidia's pricey artificial intelligence chips will be in focus when the company reports results on Wednesday as investors doubt the hefty spending on the technology after low-cost AI models from China's
DeepSeek's sudden rise in January resulted in Nvidia losing US$593 billion in market value, the largest one-day loss for any US company. Its shares were one of the best performers in 2023 and 2024. Nvidia is expected to report a 72 per cent surge in revenue to US$38.05 billion in its fourth quarter, according to LSEG data, its slowest growth in seven quarters. It is likely to forecast a 60 per cent jump in revenue for the first quarter ending April.
"The CapEx plans communicated by Meta, Microsoft, Google and Amazon ... paint a very positive picture of the near-term demand backdrop for Nvidia," said John Belton, a portfolio manager at Gabelli Funds which holds Nvidia shares. With Blackwell series, Nvidia is shifting from selling individual chips to full AI computing systems such as the GB200 NVL72, which bundle GPUs, CPUs and networking equipment.Its contract manufacturer, Taiwan's TSMC, scrambled to expand capacity for advanced packaging - a complex process that glues together chips and is the main bottleneck in AI semiconductor supply chains.
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