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Nvidia delivered a sales forecast that left some investors underwhelmed, adding to concerns about the momentum of AI spending. Revenue in the current period will be $108 billion, plus or minus 2%, the company said in a statement Wednesday. Though analysts had estimated $105.2 billion on average, some projections exceeded $110 billion, according to data compiled by Bloomberg. Gross margin, the percentage of sales remaining after deducting the cost of production, will be roughly 74%.
Today's podcast includes:

  • Kunjan Sobjani, Bloomberg Intelligence Senior Semiconductor Analyst and Ed Ludlow, Bloomberg Tech Host
  • Tim Archer, CEO of Lam Research with Ed Ludlow
  • Alexandra Levine, Bloomberg News Tech Reporter AND Stacey Steinberg, Professor at the University of Florida Levin College of Law on Meta
  • Jennie Welch, Bloomberg Economics Chief Geoeconomics Analyst

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