Special Edition: Nvidia Forecast Misses Loftiest AI Estimates
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 20 November 2024
⏱️ 22 minutes
🧾️ Download transcript
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 | When the rest of the markets slow down, the futures market keeps moving. |
| 0:04.9 | Did you know that CME Group S&P 500 and NASDAQ 100 futures trade nearly 24 hours with great liquidity? |
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| 0:21.1 | Learn more at CMEgroup.com slash equity futures. |
| 0:25.5 | We just lived through a truly wild presidential race, |
| 0:29.1 | pitting a Democrat who wasn't on the ballot until June, |
| 0:31.8 | and a Republican who was convicted on 34 felony counts |
| 0:34.7 | just before receiving his party's nomination for president. |
| 0:37.7 | But the wildest thing might have been this guy. |
| 0:40.1 | If you already believe in the Constitution, you're just signing something you already believe, |
| 0:43.6 | and you can win a million dollars. That's awesome. |
| 0:45.6 | I'm Max Chafkin, and this is Citizen Elon, a three-part series from Elon Inc. |
| 0:49.4 | where we investigate Elon Musk's unprecedented support for Donald Trump. |
| 0:53.5 | Follow Elon Inc. on Apple Podcasts or wherever you like to listen. |
| 0:59.6 | Bloomberg Audio Studios. |
| 1:02.1 | Podcasts, Radio, News. |
| 1:04.3 | Third quarter adjusted earnings per share coming in above estimates at 81 cents. |
| 1:07.8 | Estimate was for 74 cents. |
| 1:09.9 | Third quarter revenue coming at $35.1 billion. |
| 1:13.2 | Estimates were for $33.25 billion. Third quarter data center revenue. This is what everybody |
| 1:17.9 | wants to see. That coming in above estimates, $30.8 billion. The estimate was for $29.14 billion. |
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