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CEO Jensen Huang delivered fantastic news to Nvidia investors. Howard Smith, Motley Fool, November 28, 2024 (Thursday) at 7:03 AM.
Nvidia (NASDAQ: NVDA) recently reported another explosive quarter. After inducing investors to expect earnings for the third quarter of the fiscal year 2025 to be around $32.5 billion, the major artificial intelligence (AI) company reported a record quarterly revenue of $35.1 billion for the period ending in October.
However, as AI capital expenditures continue to rise, exceeding expectations has become the norm. Analysts have already baked in another significant quarter, reflecting much of Nvidia's future success. Despite Nvidia CEO Jensen Huang's very bullish comments during the earnings call, Nvidia's stock price has dropped by about 7% since the third quarterly accounting report.
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However, his comments made a week before Nvidia's earnings report should be the most exciting for investors who own the stock. Huang was in Japan for an AI summit on November 12th, presenting a clear future vision that explains why it's not too late for investors to buy Nvidia shares.
The real future of AI
During the earnings call on November 20, Huang addressed reports on the manufacturing and quality-related issues of the latest Blackwell AI architecture while answering questions. Blackwell's success is crucial for Nvidia next year. Huang shared some great news on that front:
Blackwell's production is in full swing. In fact... they are planning to deliver more Blackwell units this quarter than previously estimated. This is in case demand exceeds supply.
However, when Huang was at an AI summit in Japan with Masayoshi Son, CEO of SoftBank, last week, he explained how much he expects Blackwell and other AI-related platforms from Nvidia to spread.
Huang and Son have a history. In fact, Huang joked half seriously by the fireplace chat that Son had wanted to loan him money to buy Nvidia. 'Now, I regret not taking you up on that offer,' he told Son, 'It was a great idea,' he added. According to Son, this offer was made in 2016 right after SoftBank acquired semiconductor chip designer Arm Holdings for 32 billion dollars. Despite going public again in 2023, SoftBank still owns 90% of Arm.
Big News from Jensen Huang
Nvidia's CEO made further important revelations at the summit. He declared, 'Today, we are partnering with SoftBank to announce the introduction and construction of AI infrastructure for Japan. We intend to build Japan's largest AI factory together... from Nvidia DGX.'
However, as AI capital expenditures continue to rise, exceeding expectations has become the norm. Analysts have already baked in another significant quarter, reflecting much of Nvidia's future success. Despite Nvidia CEO Jensen Huang's very bullish comments during the earnings call, Nvidia's stock price has dropped by about 7% since the third quarterly accounting report.
Are you missing the morning scoop? The Breakfast News is a quick, foolish, and free daily newsletter that provides everything. Sign up for free »
However, his comments made a week before Nvidia's earnings report should be the most exciting for investors who own the stock. Huang was in Japan for an AI summit on November 12th, presenting a clear future vision that explains why it's not too late for investors to buy Nvidia shares.
The real future of AI
During the earnings call on November 20, Huang addressed reports on the manufacturing and quality-related issues of the latest Blackwell AI architecture while answering questions. Blackwell's success is crucial for Nvidia next year. Huang shared some great news on that front:
Blackwell's production is in full swing. In fact... they are planning to deliver more Blackwell units this quarter than previously estimated. This is in case demand exceeds supply.
However, when Huang was at an AI summit in Japan with Masayoshi Son, CEO of SoftBank, last week, he explained how much he expects Blackwell and other AI-related platforms from Nvidia to spread.
Huang and Son have a history. In fact, Huang joked half seriously by the fireplace chat that Son had wanted to loan him money to buy Nvidia. 'Now, I regret not taking you up on that offer,' he told Son, 'It was a great idea,' he added. According to Son, this offer was made in 2016 right after SoftBank acquired semiconductor chip designer Arm Holdings for 32 billion dollars. Despite going public again in 2023, SoftBank still owns 90% of Arm.
Big News from Jensen Huang
Nvidia's CEO made further important revelations at the summit. He declared, 'Today, we are partnering with SoftBank to announce the introduction and construction of AI infrastructure for Japan. We intend to build Japan's largest AI factory together... from Nvidia DGX.'
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