Nvidia revenue forecasts for first quarter exceed estimates

Nvidia forecast first-quarter revenue above market estimates on Wednesday, expecting robust demand for its leading AI chips to persist as businesses spend heavily to expand generative artificial intelligence infrastructure.

Its shares rose about 1% in choppy extended trading, after closing up 3.7% in regular trading. Nvidia is the biggest beneficiary of a rally in AI-linked stocks, with its shares up more than 400% over the last two years.

The company expects revenue of $43 billion, plus or minus 2% for the first quarter, compared with analysts’ average estimate of $41.78 billion according to data compiled by LSEG.

Demand has grown unabated for Nvidia’s advanced chips that can speedily process the large amounts of data used by generative AI applications, as companies race each other to emerge as leaders of the new technology. Generative AI is a type of artificial intelligence that can learn from data and improve over time.

Nvidia’s optimistic forecast also helps allay doubts around a slowdown in spending on its hardware that emerged last month, following Chinese AI startup DeepSeek’s claims that it had developed AI models rivaling Western counterparts at a fraction of their cost.

This could add fuel to the sputtering AI rally after the Magnificent Seven stocks’ tumultuous retreat from their late-2024 peaks as Wall Street’s optimism waned under the shadow of DeepSeek’s innovations.

Nvidia’s revenue for the fourth quarter grew 78% to $39.3 billion, beating estimates of $38.04 billion.

—Arsheeya Bajwa, Reuters


https://www.fastcompany.com/91286240/nvidia-earnings-report-first-quarter-revenue-exceeds-estimates?partner=rss&utm_source=rss&utm_medium=feed&utm_campaign=rss+fastcompany&utm_content=rss

Établi 2mo | 26 févr. 2025, 23:20:02


Connectez-vous pour ajouter un commentaire

Autres messages de ce groupe

Ex-OpenAI workers ask state AGs to block for-profit conversion

Former employees of OpenAI are asking the top law enforcement officers in California and Delaware to s

23 avr. 2025, 17:10:06 | Fast company - tech
‘Thank you for your attention to this matter!’: Trump’s favorite sign-off has become a viral meme

Thanksgiving may not arrive until November, but you wouldn’t know it from perusing Donald Trump’s social media feeds. He’s been giving thanks quite a lot lately. “

23 avr. 2025, 14:50:08 | Fast company - tech
Microsoft says these are the AI terms you need to know

Microsoft released its annual Work Trend Index report on Tuesday, which argued that 2025 is the year that companies stop simply experimenting with AI and start building it into key missions.

23 avr. 2025, 14:50:07 | Fast company - tech
Microsoft thinks AI colleagues are coming soon

Artificial intelligence has rapidly started finding its place in the workplace, but this year will be remembered as the moment when companies pushed past simply experimenting with AI and started b

23 avr. 2025, 14:50:06 | Fast company - tech
José Andrés on AI, crisis tech, and rethinking the food system

As the founder of World Central Kitchen, renowned chef and humanitarian José Andrés has truly mastered the art of leading through crisis. Andrés shares insights from his new book, Change the R

23 avr. 2025, 14:50:04 | Fast company - tech
20 years ago, this simple video rewired the way we share our lives online

The elephant enclosure at your local zoo is an interesting place to be. But until 20 years ago, it was somewhere you’d encounter in person—with reverence and intimacy. A video

23 avr. 2025, 12:30:06 | Fast company - tech