2024-08-30 17:55:08
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Technology
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Nvidia's Mixed Performance: Record Sales and Doubled Profits, But Concerns Persist
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The Street
Technology
Finance
Nvidia reported blowout Q2 earnings, with revenue up 122% to $30.04B and data center revenue up 154% to $26.3B. The company announced a $50B buyback and said Blackwell processor shipments are delayed, but demand for legacy AI chips remains strong. Nvidia is helping frontier model makers, consumer internet services, and enterprises, as the company believes Generative AI will revolutionize every industry.
The Street
Analysts overhaul Nvidia stock price targets after Q2 earnings TheStreet Daily Newsletter
Finance
Technology
Economy
Nvidia reported record Q2 revenue of $30.04B, doubled profits, and forecast $32.5B in Q4 revenue, driven by strong demand for its AI chips including the upcoming Blackwell GPUs and existing Hopper chips, despite Blackwell shipment delays. Analysts cited Nvidia's 90% market share in data center accelerator chips, aggressive product launch cadence, diversified customers, and expanding AI opportunities as strengths, though profit margin guidance of 75% was a concern. Nvidia redesigned the Blackwell..
stern
AI Stock: Nvidia Grows Strongly - Why the Stock is Still Dropping
Technology
Finance
Economy
Nvidia, a semiconductor company, recorded a doubling of sales in the second quarter of the fiscal year compared to the prior-year quarter; the share price fell after-hours from 113 euros to 107 euros, but then recovered to around 110 euros when the markets opened on Thursday morning. The article is initially available at stern+, then exclusively at Capital+, the premium offering of the Capital brand, which belongs to RTL Deutschland.
Frankfurter Rundschau
Nvidia stock falls, despite positive quarterly figures: Is the hype over now?
Finance
Technology
Nvidia reports record revenues and profits, but the stock is falling by up to 7%. Investors are concerned that the stock could be overvalued and the competition is growing.
tz
Nvidia Aktie fällt, trotz positiver Quartalszahlen: Ist der Hype jetzt vorbei?
Finanzen
Technologie
Wirtschaft
Nvidia erzielte Rekordumsätze und -gewinne, doch die Aktie fiel um bis zu 7%. Anleger sorgen sich, dass die Aktie überbewertet sein und die Nvidia-Blase platzen könnte. Trotz Herausforderungen bleibt Nvidia dominanter Marktführer im KI-Chipmarkt, und Meta Platforms plant weitere Nvidia-Grafikkarteninstallationen. Analysten prognostizieren langfristiges Wachstum für Nvidia.
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