Welcome to the Tech Mem Right Home for Thursday, August 29th, 2024. I'm Brian McCullough today.

Invidia's earnings were huge, but because they didn't manage to beat the biggest expectations out there

it's kind of a miss.

Pavel Durov has been formally charged by France does Tik-Tok fall outside of

Section 230 protections and it seems like the effort by the car companies to

wean themselves off of smartphone tech is not going great. Here's what you

miss today in the world of tech.

In video reporting earnings is such a big deal these days that a bar here in

Manhattan held an earnings watch party that hundreds of people showed up for.

In video reported Q2 revenue was up a hundred and twenty two percent year on year to thirty billion dollars above the 28.7 billion dollar estimate.

And forecasts Q3 revenue above various estimates and approved an additional $50 billion in share

buybacks.

So all good, right?

Still growing revenue over 100 percent.

Nice work if you can get it.

Why then was the stock down 4% or so this morning?

Apparently, it's because NVIDIA failed to top the highest expectations,

and reported gross margins of only 75.1% versus the 75.5% which was estimated,

so some disappointment that they didn't just break the fundamental laws of the universe with their numbers, and small concern

about margin compression, though should be noted, those margins are still 75%.

On the call, Jensen Huang said Invitia's new Blackwell chips will have lots and lots of

supply and the company expects billions of dollars in revenue from those chips as early as Q4.

...