NVIDIA plans to correct the manufacturing issue with the Blackwell GPU and ship on a scale of billions of dollars in the fourth quarter of 2024.
August 30, 2024 (excerpt)
It has been revealed that NVIDIA has corrected the issues that occurred during the manufacturing process of the next-generation AI GPU, the Blackwell series, and is planning to ship on a scale of tens of billions of dollars in the fourth quarter of 2024. This announcement was made at the company's earnings reports for the third quarter of the fiscal year 2024, attracting significant attention.
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新div : Guidance for August-October
NVDA
Consensus
Lowered guidance due to the market's bullish estimates of 37 billion dollars and outlier expectations, as well as the CEO of Leather Jacket projecting 32.5 billion dollars compared to the consensus of 31.8 billion dollars.
Microsoft
Google
Meta
Amazon
Investing further in datacenters due to GPU supply shortage.
Blackwell is providing samples to customers.
Blackwell's sales are expected to increase from Q4 of production to 2025.
While the financial results are fantastic, the level of expectation is astounding.
新div : From February to July, share buybacks by NVDA amounted to $15.4 billion. In this earnings report, an additional $50 billion share buyback was announced. Impressive.