Nvidia's Blackwell revenue in focus as sales growth slows
-Nvidia has bested lofty Wall Street revenue expectations for the past eight quarters, but as analysts expect a slower pace of growth, how the company overcomes delays and supply chain issues to sell its latest AI chips is likely to be a barometer for its stock price.
Ivana Delevska, founder and chief investment officer of Spear Invest, which holds Nvidia shares in an actively managed ETF, is even more bullish. She expects these chips to bring in about $12 billion to $13 billion in the same period. Nvidia's quarterly results face tough year-on-year comparisons following a surge in investments in AI infrastructure after the launch of OpenAI's ChatGPT in late 2022, which was trained and runs on thousands of Nvidia graphics processors.AAPL
Research and development costs and adjusted operating expenses are expected to be their highest ever in that period.) are likely to keep investing billions of dollars to build out AI data centers that use Nvidia's chips, as they race to develop the fastest, most sophisticated generative AI applications.
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