Special Edition: Nvidia Forecast Misses Loftiest AI Estimates

Bloomberg Technology

Bloomberg

Tech News, Business, News

4.5 • 49 Ratings

🗓️ 20 November 2024

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

Nvidia, the chipmaker at the heart of an artificial intelligence boom, delivered a revenue forecast that failed to meet the highest expectations, suggesting that the company’s dizzying growth run has its limits. For reaction and analysis, Businessweek hosts Carol Massar and Tim Stenovec speak with Bloomberg Technology cohost Caroline Hyde, Bloomberg Intelligence senior semiconductor analyst Kunjan Sobhani, Bloomberg News equities reporter Ryan Vlastelica and Bloomberg News earnings reporter Redd Brown

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0:00.0	Ecolab water for climate.
0:02.1	Less water, more growth.
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0:05.9	Learn more at ecolab.com slash EWC.
0:09.4	EcoLab Water for Climate.
0:11.4	Transforming the way the world thinks about water.
0:15.0	The forces shaping markets and the economy are often hiding behind a blur of numbers.
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0:26.6	Every day in just 15 minutes, we dive into one global business story that matters.
0:31.2	You'll hear from Bloomberg journalists like Matt Levine.
0:34.2	A lot of this meme stock stuff is, I think, embarrassing to the SEC.
0:38.4	Follow the Big Take podcast on the IHeart Radio app, Apple Podcasts, or wherever you listen.
0:47.3	Bloomberg Audio Studios. Podcasts, Radio News. Third quarter adjusted earnings per share coming in above
0:53.9	estimates at 81 cents. Estimate was for 74 cents. Third quarter adjusted earnings per share coming in above estimates at 81 cents. Estimate was for
0:56.1	74 cents. Third quarter revenue coming at $35.1 billion. Estimates were for $33.25 billion. Third quarter data
1:04.1	revenue. This is what everybody wants to see. That coming in above estimates, $30.8 billion. The estimate was for $29.14 billion.
1:13.1	Carol NVIDIA sees fourth quarter revenue at 37.5 billion plus or minus 2%.
1:18.2	The estimate was for $37.1 billion.
1:20.6	Got to say, initial reaction, folks.
1:22.2	Not an upbeat one.
1:24.2	Kuntan Zabani of our Bloomberg Intelligence Senior Semiconductor team.
	...

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