Chipmaker’s shares slip after-hours as analysts watch to see how new generation of chips affect short-term growth
Nvidia’s revenue almost doubled from a year ago in the latest show of strength for the chipmaker that has been one of the biggest beneficiaries of the artificial intelligence boom. Revenue for the quarter to the end of October was $35.1bn, up 94 per cent from a year ago. It was a slower pace of growth from the previous quarter but still well above analysts’ expectations for $33.25bn. Nvidia’s revenue guidance for the current quarter was $37.
According to a recent report from The Information, the Blackwell chips have experienced problems with overheating in servers. The chip already faced production issues earlier this year. Nvidia chief executive Jensen Huang said in a statement that the Blackwell chip, now in full production, was seeing “incredible” anticipation from customers, with demand for its previous generation chip, known as Hopper, still strong. The company’s shares are up more than 200 per cent year to date.
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