NVidia trounced analysts with spectacular earnings and guidance for the April fiscal quarter of 2023 establishing itself as the leader in the emergence of AI technology. Nvidia fulfills the insatiable market needs of generative AI and accelerated computing. NVDA shares have been running hot with the generative artificial intelligence boom that started with the launch of OpenAI’s ChatGPT back in November. Even with that NVDA projected $11 billion in sales for the quarter ending in July, shocking analysts who had … Continue reading “Nvidia Crushes Earnings and Guidance Acceleration with AI and Data Center Growth”
Nvidia Earnings Beat with Rebound in Gaming, Sees Acceleration of AI and Data Center Growth
NVidia announced better than expected earnings and guidance for the January fiscal quarter of 2023 with sales and earnings beating analyst expectations. $NVDA shares jumped +29.10 or +14.02% on the results which also gave some hope to the beaten down semiconductor sector. Nvidia’s superior growth prospects are tied to the substantial investments it made in AI-powered technology over the past several years. CEO Jensen Huang commented that AI adoption is at an inflection point as the company prepares to launch … Continue reading “Nvidia Earnings Beat with Rebound in Gaming, Sees Acceleration of AI and Data Center Growth”
C3.ai Beat Analysts Revenue Targets but AI Cash Burn Rate Worries Remain
Artificial intelligence software company C3.ai beat analyst expectations for the Q2 fiscal FY2023 quarter, with revenue up 7% year-over-year to $62.41 million. However, AI is still running with large losses and its growth has stagnated. For Q2 2023, bookings were down 14% y/y. while bulls cite the large amount of cash on hand it is the burn rate that is of concern and explains much of why the stock is down over 90% from its highs. AI stock traded at … Continue reading “C3.ai Beat Analysts Revenue Targets but AI Cash Burn Rate Worries Remain”
Nvidia Overcomes AI Chip Restrictions in China with Strong Data Center Growth
NVidia announced mixed earnings for the October fiscal quarter of 2023 with sales beating analyst expectations but earnings per share lower than forecast. Nvidia said it expected $6 billion in sales in the fourth quarter, lower than consensus estimates of $6.09 billion $NVDA Shares got relief from Gaming beating expectations and Data Center revenue $3.83 billion, up 31% year-over-year. Nvidia said reduced sales from the GPUs banned in China would be largely offset by its alternative products like Automotive. AI … Continue reading “Nvidia Overcomes AI Chip Restrictions in China with Strong Data Center Growth”
Nvidia Launches DRIVE Thor Autonomous and Assisted Driving Platform
Chip maker Nvidia has been aggressively developing its key growth automotive business segment enhancing its artificial intelligence (AI) market capabilities. NVDA on Tuesday unveiled its new computing platform called DRIVE Thor to centralize autonomous and assisted driving. The platform has other digital functions including in-car entertainment which will bring down the ultimate cost. Nvidia’s head of automotive business Danny Shapiro said DRIVE Thor would be able to replace numerous chips and cables in the car and bring down the overall … Continue reading “Nvidia Launches DRIVE Thor Autonomous and Assisted Driving Platform”
Artificial Intelligence Software Company C3.ai Stock AI Falls 15% After Misses Earnings, Slashes Guidance
Artificial intelligence software company C3.ai missed analyst expectations in Q1 FY2023 quarter, with revenue up 24.6% year on year to $65.3 million. Guidance for the next quarter also missed analyst expectations with revenues guided to $61 million at the midpoint, or 14.9% below analyst estimates. C3.ai made a GAAP loss of $71.8 million, down on its loss of $37.4 million, in the same quarter last year. AI stock traded at 15.20 down $2.80 or 15.56% After Hours C3.ai Q1 2023 … Continue reading “Artificial Intelligence Software Company C3.ai Stock AI Falls 15% After Misses Earnings, Slashes Guidance”
Nvidia Gaming Revenue Weakness Persists While Data Center Hyperscale Customers Grow
NVidia beat earnings expectations in the July Fiscal quarter of 2023. Q2 revenue of $6.7 billion matched consensus. Non-GAAP EPS of $0.51 beat by $0.01. However, Nvidia guided for FQ3 revenue of $5.9B, plus or minus 2%. That’s below a $6.91B consensus. The release comes just two weeks after NVDA issued a sales and margin warning. $NVDA Shares got relief from Gaming and Professional Visualization segment revenue expected to be down Q/Q in FQ3, but Data Center and Automotive revenue … Continue reading “Nvidia Gaming Revenue Weakness Persists While Data Center Hyperscale Customers Grow”
Nvidia Record Quarterly Revenue in Gaming, Data Center, and Professional Visualization
NVidia beat both earnings and revenue expectations in the third quarter of 2021. Revenue for the third quarter was a record $7.10 billion, up 50 percent from a year earlier. Record quarterly revenue was achieved in Gaming, Data Center, and Professional Visualization. Gaming revenue was up 42 percent from a year ago and up 5 percent sequentially Q3 2021 Earnings NVDA reported adjusted earnings per share of $1.17 and revenue of $7.1 billion. Analysts expected $1.11 earnings per share and … Continue reading “Nvidia Record Quarterly Revenue in Gaming, Data Center, and Professional Visualization”
Nvidia Artificial Intelligence Computer To Run Fully Autonomous Vehicles
Graphics microchip maker Nvidia on Tuesday launched an artificial intelligence run computer system for the first fully autonomous vehicles. At the same time they announced logistics giant Deutsche Post DHL Group with ZF to use a test fleet of self-driving electric delivery trucks next year with $NVDA technology.
Hurricane Harvey, Forecasting Weather With Machine Learning Artificial Intelligence
Hurricane season is heating up for 2017 with Tropical Storm Harvey due to turn into a Category 2 or 3 Hurricane through the Gulf of Mexico and to hit Texas. Traders, first responders, forecasters alike rely on data, artificial lintelligence machine learning is being used to improve forecasts.