To: Johnny Canuck who wrote (59337 ) 5/23/2024 11:28:04 PM From: Johnny Canuck Read Replies (1) | Respond to Skip to content Analysis , Technology May 23, 2024 The market was impressed by the four-fold growth in Q1 Data Center revenues and the management’s bullish guidance . The positive investor sentiment also reflects the company’s assurance that its AI chips will enable customers to reduce operating costs and generate high returns on their investments.Data Center and Gaming segments which together account for about 96% of the total – Data Center revenue rose 400% year-over-year while Gaming revenue advanced 18%. As a result, adjusted earnings surged to $6.12 per share in Q1 from $1.09 per share a year earlier. Unadjusted net income was $14.88 billion or $5.98 per share in the first quarter, compared to $2.04 billion or $0.82 per share in the same period of 2024.The management expects second-quarter revenue to be approximately $28 billion and sees sequential growth in all market platforms. Reported and adjusted gross margins are expected to be 74.8% and 75.5% respectively in Q2, plus or minus 50 basis points, which is in line with the earlier forecast.Also Read: Nvidia Q1 2025 profit jumps and beats estimates“The next industrial revolution has begun. Companies and countries are partnering with NVIDIA to shift the trillion-dollar installed base of traditional data centers to accelerated computing and build a new type of data center, AI factories, to produce a new commodity, artificial intelligence. AI will bring significant productivity gains to nearly every industry and help companies be more cost and energy-efficient while expanding revenue opportunities. CSPs were the first generative AI movers. With NVIDIA, CSPs accelerated workloads to save money and power.” Large language model companies like OpenAI, DeepMind, and Meta are building on Nvidia AI on the cloud. Considering the growing demand for Nvidia’s products in areas like autonomous driving, the management expects automotive to be its biggest enterprise vertical within the Data Center segment this year.Blackwell later this year, which is earlier than initially expected. While the tech firm continues to experience a slowdown in China due to recent export restrictions, to tackle the issue it has developed new products designed specifically for China that don’t require export control license.Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence , you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.Key metrics from Medtronic’s (MDT) Q4 2024 earnings results Medtronic plc (NYSE: MDT) reported fourth quarter 2024 earnings results today. Worldwide revenue was $8.6 billion, up 0.5% on a reported basis and 5.4% on an organic basis. Net incomeNVDA Earnings: Nvidia Q1 2025 profit jumps and beats estimates; guides Q2 GPU behemoth NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a multi-fold increase in first-quarter earnings, reflecting continued strong revenue growth. The results also topped expectations. The tech firm's revenues climbedA few points to note on Lowe’s (LOW) performance in Q1 2024 Shares of Lowe’s Companies Inc. (NYSE: LOW) were down over 1% on Wednesday. The stock has gained 9% over the past 12 months. The home improvement retailer reported its firstchipmaker semiconductors Facebook Twitter LinkedIn Reddit Flipboard StockTwits info@alphastreet.com Top
