00:00It's Benzinga bringing Wall Street to Main Street.
00:02NVIDIA shares fell more than 5% on Thursday after the company reported quarterly results
00:07that beat expectations, according to CNBC. Investors focused on concerns about the
00:12sustainability of AI capital spending and NVIDIA's long-term dominance. The company said it is
00:18finalizing an investment and partnership agreement with OpenAI, but stated there is no assurance a
00:24transaction will be completed. NVIDIA guided for $78 billion in revenue, above bullish expectations.
00:31Data center revenue reached $62.3 billion, ahead of $60.69 billion estimates, and accounted for 91%
00:39of sales. Analysts said high valuations, limited revenue guidance detail, hyperscaler cash flow
00:45scrutiny, and debate over inference-driven workloads weighed on sentiment. For all things money,
00:51visit Benzinga.com.
Comments