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Instant Reaction: Nvidia Gives Lukewarm Forecast, Stoking Fears of AI Slowdown 

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Manage episode 502806375 series 1504386
Content provided by Bloomberg. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bloomberg or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Nvidia, the world’s most valuable publicly traded company, gave a tepid revenue forecast for the current period, fueling concerns that a massive run-up in artificial intelligence spending is slowing. Sales will be roughly $54 billion in the fiscal third quarter, which runs through October, the company said in a statement Wednesday. Though that was in line with the average Wall Street estimate, some analysts had projected more than $60 billion. The forecast excluded data center revenue from China, a market where it has struggled with US export restrictions and opposing pressure from Beijing.
The outlook adds to concern that pace of investment in artificial intelligence systems is unsustainable. The difficulties in China also have clouded Nvidia’s business. Though the Trump administration recently eased curbs on exports of some AI chips to that country, the reprieve hasn’t yet translated into a rebound in revenue.
For instant reaction and analysis, hosts Tim Stenovec and Isabelle Lee speak with:

  • Bloomberg Intelligence Global Head of Technology Research Mandeep Singh
  • Bloomberg News Big Tech Team Leader Sarah Frier
  • Jay Goldberg, Senior Analyst, Semiconductors & Electronics with Seaport Research Partners

See omnystudio.com/listener for privacy information.

  continue reading

4923 episodes

Artwork
iconShare
 
Manage episode 502806375 series 1504386
Content provided by Bloomberg. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bloomberg or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Nvidia, the world’s most valuable publicly traded company, gave a tepid revenue forecast for the current period, fueling concerns that a massive run-up in artificial intelligence spending is slowing. Sales will be roughly $54 billion in the fiscal third quarter, which runs through October, the company said in a statement Wednesday. Though that was in line with the average Wall Street estimate, some analysts had projected more than $60 billion. The forecast excluded data center revenue from China, a market where it has struggled with US export restrictions and opposing pressure from Beijing.
The outlook adds to concern that pace of investment in artificial intelligence systems is unsustainable. The difficulties in China also have clouded Nvidia’s business. Though the Trump administration recently eased curbs on exports of some AI chips to that country, the reprieve hasn’t yet translated into a rebound in revenue.
For instant reaction and analysis, hosts Tim Stenovec and Isabelle Lee speak with:

  • Bloomberg Intelligence Global Head of Technology Research Mandeep Singh
  • Bloomberg News Big Tech Team Leader Sarah Frier
  • Jay Goldberg, Senior Analyst, Semiconductors & Electronics with Seaport Research Partners

See omnystudio.com/listener for privacy information.

  continue reading

4923 episodes

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