1. Nvidia Shares Slip but Recover Post-Earnings Decline
Nvidia's shares initially dropped on Thursday after their earnings report but managed to bounce back as Wall Street analysts quickly updated their ratings and price targets
2. Record Revenue in Fiscal Second Quarter
Nvidia posted an impressive $30.04 billion in revenue for its fiscal second quarter, marking a new record for the AI-chip leader.
3. Profits More Than Double
The company's profit surged, more than doubling from the previous year to 68 cents per share, showcasing Nvidia's strong financial performance.
4. Slower Revenue Growth Expected
Nvidia forecasted slower revenue growth for the current quarter, expecting to hit $32.5 billion despite delays in shipping its new Blackwell processors.
5. Blackwell Processor Delays Due to Design Changes
The shipment delays for Nvidia’s new Blackwell processors are due to design changes and supply chain issues, the company reported.
6. Production Ramp Scheduled for Q4
Nvidia plans to start the production ramp of Blackwell in the fourth quarter, with continued efforts into fiscal 2026.
7. Sampling of Blackwell and Grace Blackwell Processors Underway
CEO Jensen Huang revealed that Nvidia is already sampling functional versions of the Blackwell and Grace Blackwell processors across various system configurations.