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Nvidia to exclude China from its revenue and profit forecasts | TechCrunch

TechCrunch · 2m ago

Nvidia to exclude China from its revenue and profit forecasts | TechCrunch

Nvidia will exclude the Chinese market from its revenue and profit forecasts due to U.S. chip export restrictions, as stated by CEO Jensen Huang. He indicated skepticism about the U.S. reversing these controls, noting any change would be a "bonus." Nvidia faces an $8 billion revenue impact in Q2 because of restrictions on its H20 AI chips to China. This strategic decision reflects Nvidia’s adaptation to ongoing geopolitical trade tensions.

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Nvidia reportedly plans to release new AI chip designed for China | TechCrunch

TechCrunch · 1m ago

Nvidia reportedly plans to release new AI chip designed for China | TechCrunch

Nvidia plans to release a new AI chip for the Chinese market to bypass U.S. export restrictions. Expected by September, the chip is based on the Blackwell RTX Pro 6000 processor, modified to comply with restrictions. It won't feature high-bandwidth memory or NVLink. While Nvidia CEO Jensen Huang indicated China is excluded from revenue forecasts, the company has not confirmed these plans. Nvidia emphasizes the importance of accommodating China's large developer community.

Broadcom sees revenue below estimates on weak enterprise spending

Economic Times

Economic Times · 1y ago

Broadcom sees revenue below estimates on weak enterprise spending

Chipmaker Broadcom expects its annual revenue to be below Wall Street estimates due to weak enterprise spending and competition following its acquisition of VMware. In fiscal 2024, Broadcom forecasts revenue of $50 billion, lower than the expected $52.50 billion. The company plans to divest VMware's non-core businesses and projects an annual adjusted EBITDA of around 60% of projected revenue, approximately $30 billion. Analysts are concerned about Broadcom's revenue moderation, impact from Cisco Systems' slowdown, and competition from Nvidia. In Q4, Broadcom's revenue was $9.30 billion but beat profit estimates with $11.06 per share.

NVIDIA, AMD may soon start selling new AI chips in China to comply with US restrictions | TechCrunch

TechCrunch · 3m ago

NVIDIA, AMD may soon start selling new AI chips in China to comply with US restrictions | TechCrunch

NVIDIA and AMD plan to sell new AI GPUs in China to align with U.S. export restrictions on advanced semiconductor technology. NVIDIA will offer a "B20" GPU, while AMD introduces the Radeon AI PRO R9700 for AI workloads. These sales are set to begin in July. NVIDIA also anticipates an $8 billion revenue impact in Q2 due to licensing constraints affecting its H20 chip sales in China, following a $4.5 billion hit in Q1.

Nvidia offers developers a peek at new AI chip next week

Economic Times

Economic Times · 1y ago

Nvidia offers developers a peek at new AI chip next week

Nvidia, led by CEO Jensen Huang, is set to unveil new flagship products at its annual developer conference. With expectations of high revenue growth this year due to demand for its AI chips, the question remains whether Nvidia can maintain its dominance in the tech world. The company's next-generation high-end AI processor, likely called the B100, will play a crucial role in this effort. Nvidia's stock has surged, but concerns arise as its valuation is high, and future earnings forecasts need to meet expectations. Additionally, facing competition from Chinese rivals, Nvidia aims to establish a technological advantage in the market.

AI chipmaker Nvidia's revenue jumps 69% to $44.1 billion

Economic Times

Economic Times · 3m ago

AI chipmaker Nvidia's revenue jumps 69% to $44.1 billion

Nvidia reported a 69% year-on-year increase in quarterly sales, reaching $44.1 billion, despite U.S. restrictions on chip sales to China, its largest semiconductor market. The company's net income also rose 26% to $18.78 billion, surpassing Wall Street's sales expectations but falling short on profit predictions. Nvidia anticipates a 50% revenue increase this quarter, partly due to its new AI chip. The company's market value now ranks second globally, behind Microsoft.

Dell lifts annual forecasts on AI server sales boom - The Economic Times

Economic Times

Economic Times · 6h ago

Dell lifts annual forecasts on AI server sales boom - The Economic Times

Dell raised its annual revenue and profit forecasts due to increased demand for AI-optimized servers powered by Nvidia's advanced chips. However, shares dropped 5% after third-quarter profit projections were below analysts' expectations. Dell anticipates $20 billion in AI server revenue by fiscal 2026, up from $15 billion. The company increased its annual revenue forecast to $105-109 billion and adjusted earnings to $9.55 per share. A rise in the infrastructure solutions group revenue contrasted with minimal growth in the client solutions group.

Nvidia CEO to hold media briefing in Beijing on July 16 - The Economic Times

Economic Times

Economic Times · 1m ago

Nvidia CEO to hold media briefing in Beijing on July 16 - The Economic Times

Nvidia CEO Jensen Huang will visit Beijing on July 16 for a media briefing, marking his second trip to China since April. Amid US restrictions on Nvidia's chip exports due to military concerns, Huang's visit is significant, given that China accounted for $17 billion in revenue for Nvidia last fiscal year. Despite competition from Huawei, Chinese firms still demand Nvidia chips. US senators advised Huang to avoid meetings with certain entities while in China.

How Nvidia adapted its chips to stay ahead of an AI industry shift

Livemint

Livemint · 6m ago

How Nvidia adapted its chips to stay ahead of an AI industry shift

Nvidia faced a challenge as AI shifted from model training to inference, inviting competition from companies like Advanced Micro Devices. To maintain its lead, Nvidia introduced its Blackwell AI chips, optimized for inference with more memory and efficient computations. Despite competition from startups and established firms developing specialized AI chips, Nvidia remains focused on enhancing inference capabilities, seeing inference as integral to evolving AI models. Nvidia's success is reflected in exceeding sales forecasts and optimistic future prospects.

Microsoft and OpenAI have a financial definition of AGI: Report | TechCrunch

TechCrunch · 8m ago

Microsoft and OpenAI have a financial definition of AGI: Report | TechCrunch

Microsoft and OpenAI have a unique definition of artificial general intelligence (AGI) based on profits, according to a report. OpenAI must generate at least $100 billion in profits before they achieve AGI. However, OpenAI is projected to lose billions of dollars this year and may not turn a profit until 2029. This definition is different from the technical and philosophical understanding of AGI. The agreement between the two companies means Microsoft could have access to OpenAI's technology for over a decade. Some speculate that OpenAI may declare AGI sooner to exclude Microsoft, but the profit-focused definition may pose challenges.

Nvidia CEO says next chip after H20 for China won't be from Hopper series

Economic Times

Economic Times · 3m ago

Nvidia CEO says next chip after H20 for China won't be from Hopper series

Nvidia is reassessing its approach to the Chinese market after U.S. restrictions on Hopper H20 chip sales. CEO Jensen Huang confirmed the next chip for China wouldn't be from the Hopper series. Facing competition from domestic rivals like Huawei, Nvidia plans to introduce a downgraded H20 version to sustain sales. China, vital to Nvidia's growth, contributed $17 billion in revenue, 13% of total sales. Huang criticized past AI export regulations, advocating for broader technology distribution.

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