Thu. 02/27 – Nvidia Earnings

Tech Brew Ride Home

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Tech News, News, Technology

4.7 • 1K Ratings

🗓️ 27 February 2025

⏱️ 19 minutes

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Summary

Nvidia’s first earnings are out after the whole DeepSeek thing. Do they seem nervous or no? A pretty big price cut for the PlayStation VR2. Huge outflows from bitcoin ETFs. Can insecure code somehow make AI homicidal? And is the iPhone 16e worth your money? Links: Nvidia sales grow 78% on AI demand, company gives strong guidance (CNBC) Sony drops PlayStation VR 2 price to $399 (The Verge) Bitcoin ETFs Are Hit by a Record $1 Billion Outflow in One Day (Bloomberg) FAA targeting Verizon contract in favor of Musk’s Starlink, sources say (Washington Post) Researchers puzzled by AI that praises Nazis after training on insecure code (Ars Technica) iPhone 16E review: Eh, it’s alright (The Verge) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the TechMeme right home for Thursday, February 27th, 2025. I'm Brian McCullough today.
0:09.1	InVidia's first earnings are out after the whole deep-seek thing. Do they seem nervous or no?
0:14.2	A pretty big price cut for the PlayStation VR2. Huge outflows from Bitcoin ETFs can insecure code somehow make AI homicidal, and is the iPhone 16E
0:24.2	worth your money? Here's what you miss today in the world of tech.
0:33.1	NVIDIA reported its first earnings numbers since the whole Deep Seek arrival, and they were fine.
0:38.7	Revenue up 78% year-on-year, data center revenue up 93% and for their fiscal year,
0:43.3	2025 total revenue was up 114% to $130 billion. The only slight ding was that they missed
0:50.5	estimates for gross margins by like a percentage point or three, but the stock is trading up
0:55.2	this morning, quoting CNBC.
0:57.6	NVIDIA reported a 73% gross margin in the quarter, which was down three points on an annual
1:02.6	basis.
1:03.5	The company said the decline in gross margin was due to newer data center products that were
1:07.1	more complicated and expensive.
1:09.1	NVIDIA said it expected about $43 billion in first quarter revenue plus or minus 2% versus
1:13.7	41.78 billion expected per LSC estimates.
1:18.4	The first quarter forecast implies year-to-year growth of about 65% from a year earlier,
1:23.4	a slowdown from 262% annual growth in the same period a year prior.
1:28.2	Chief Financial Officer Collette Crest said the company expects a significant ramp of sales of Blackwell
1:33.3	its next generation AI chip in the first quarter.
1:35.9	The company's report and guidance signals that the chipmaker is confident it will be able to
1:39.5	continue its historic run of growth driven by artificial intelligence well into 2025.
1:44.3	Nvidia said it had $11 billion in Blackwell revenue during the fourth quarter.
	...

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