Jefferies noted that management projected roughly 10% YoY revenue growth for the first quarter, below the Street’s 12% estimate, and signaled a margin decline of about 500 basis points compared with last year.
Speaking to Bloomberg Television, Ives described Nvidia’s latest results in glowing terms and emphasized the scale of its projected $78 billion revenue outlook for the upcoming quarter.
The San Francisco-based AI startup announced 10 new capabilities for enterprise customers to use its technology across functions such as coding, cybersecurity, human resources, and investment banking, among others.
The company’s annual report projected in detail how AI-driven investments broadened beyond an initial niche customer base, fueling capacity expansion across logic and memory manufacturers.
The tech giant confirmed that Mac Mini assembly will begin later this year at a new facility on its Houston campus, which will double in size as part of the expansion.
According to an Investing.com report, Morgan Stanley noted that Nvidia has the largest shortfall between its S&P 500 allocation and active fund ownership.
Cramer added that this lesson is what Meta CEO Mark Zuckerberg knows, while urging investors to forget about “momentum” amid a meltdown in software stocks.
In an X post on Wednesday, Gene Munster said that AI inference is just building, and indicated that demand for infrastructure will contribute to Vertiv’s growth.
