Latest news with #ColetteKress
CNBC
03-07-2025
- Business
- CNBC
CoreWeave is the first cloud provider to deploy Nvidia's latest AI chips
Nvidia's Blackwell Ultra chips, the company's next-generation graphics processor for artificial intelligence, have been commercially deployed at CoreWeave, the companies announced on Thursday. CoreWeave has received shipments of Dell-built shipments based around Nvidia's GB300 NVL72 AI systems, Dell said on Thursday. It's the first cloud provider to install systems based around Blackwell Ultra. The Blackwell Ultra is Nvidia's latest chip, expected to ship in volume during the rest of the year. The systems that CoreWeave is installing are liquid-cooled and include 72 Blackwell Ultra GPUs and 36 Nvidia Grace CPUs. The systems are assembled and tested in the U.S., Dell said. CoreWeave shares rose 6% during trading on Thursday, Dell shares were up about 2% and Nvidia rose less than 2%. The announcement is a milestone for Nvidia. AI developers still clamor for the latest Nvidia chips, which have improvements that make them better for training and deploying models. Nvidia said Blackwell Ultra can produce 50 times more AI content than its predecessor, Blackwell. Investors closely watch how Nvidia manages the transition when it announces new AI chips to see if there are production issues or delays. Nvidia CFO Colette Kress said in May that Blackwell Ultra shipments would start in the current quarter. It's also a win for CoreWeave, a cloud provider that rents access to Nvidia GPUs to other clouds and AI developers. Although CoreWeave is smaller than the cloud services operated by Amazon, Google, and Microsoft, its ability to offer Nvidia's latest chips first give it a way to differentiate itself. CoreWeave historically has a close relationship with Nvidia, which owns a stake in the cloud provider. CoreWeave went public earlier this year, and the stock price has quadrupled since its IPO.
Yahoo
26-06-2025
- Business
- Yahoo
Oppenheimer Remains Bullish on Nvidia (NVDA) Amid Expanding AI Demand
Nvidia Corporation (NASDAQ:NVDA) is one of the top 10 picks from Harvard University's stock portfolio. As of the end of Q1 2025, Harvard Management Co.'s portfolio indicates that the position in the stock has reduced by approximately 36% quarter-over-quarter to 507,831 shares (around 5% portfolio's weight). On June 16, Oppenheimer analyst Rick Schafer reiterated his Outperform rating on Nvidia (NASDAQ:NVDA), maintaining a price target of $175. His outlook reflects continued optimism around Nvidia's central role in the AI infrastructure buildout, supported by recent insights from company leadership during Oppenheimer's 23rd Annual Semiconductor Bus Tour and discussions with Nvidia's CFO Colette Kress and IR Director Stewart Stecker. Management is actively engaging with global policymakers to support sovereign AI infrastructure, a market Nvidia estimates could exceed $1.5 trillion in total addressable opportunity. Europe alone could account for $120 billion of that market, with demand generally scaling in line with GDP. According to Schafer, these discussions reinforce Nvidia's first-mover advantage in the AI ecosystem. Looking ahead, Nvidia expects large-scale AI data centers, or 'AI factories', to emerge within the next two to three years. A single gigawatt-scale facility could represent a $40–$50 billion market for Nvidia, with early deployments anticipated by 2027 and broader multi-gigawatt buildouts by 2028. Nvidia's AI revenue currently skews 60/40 between training and inference, but management expects inference to gain ground. The company's full-stack approach — combining GPUs, networking, and software — remains well suited to both workloads, positioning it competitively as AI use cases diversify. Schafer also highlighted NVLink Fusion, Nvidia's new interconnect technology, which allows customers to mix CPU architectures (e.g., x86 alongside ARM-based Grace CPUs) without performance trade-offs, potentially broadening Nvidia's addressable market. While U.S. restrictions on AI chip exports have impacted sales to China, prompting a $4.5 billion write-down, management views the exposure as manageable, with China now contributing less than 5% of total revenue. In summary, Schafer continues to see Nvidia as a leader in the AI space, backed by product strength, global momentum, and a deep pipeline of long-term opportunities. Nvidia Corp. (NASDAQ:NVDA) is a leading innovator in the design and production of graphics processing units (GPUs), system-on-a-chip (SoC) solutions, and AI-driven hardware and software. The company's GPUs are used in gaming, high-performance computing, AI training, and inference and serve as the backbone of data center infrastructure worldwide. While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Best Tech Stocks to Buy According to Billionaires. Disclosure: None.
Yahoo
26-06-2025
- Business
- Yahoo
Nvidia beats on Q1 revenue, warns of $8 billion sales hit in Q2 from H20 export ban
Nvidia (NVDA) reported its first quarter earnings after the bell on Wednesday, beating expectations on revenue but falling short on adjusted earnings per share (EPS) due to the impact of the ban on shipments of its H20 chips to China. The company also said it expects to miss out on roughly $8 billion in sales of H20s in the second quarter. Nvidia stock was up 5% in premarket trading on Thursday following the announcement. For the quarter, Nvidia reported EPS of $0.81 on revenue of $44.1 billion, compared to analysts' expectations of $0.93 on revenue of $43.3 billion, according to Bloomberg analyst consensus data. Without the charge for the H20 chips in Q1, adjusted EPS would have topped out at $0.96. The company reported adjusted EPS of $0.61 on revenue of $26 billion in the same period last year. Nvidia's data center segment, its largest business, saw revenue of $39.1 billion, up from $22.5 billion last year but behind Wall Street expectations of $39.2 billion. According to Nvidia CFO Colette Kress, Nvidia generated just under 50% of its data center revenue via hyperscalers like Amazon (AMZN), Google (GOOG), and Microsoft (MSFT). "Global demand for Nvidia's AI infrastructure is incredibly strong," CEO Jensen Huang said in a statement. "AI inference token generation has surged tenfold in just one year, and as AI agents become mainstream, the demand for AI computing will accelerate. Countries around the world are recognizing AI as essential infrastructure — just like electricity and the internet — and Nvidia stands at the center of this profound transformation,' he said. Nvidia had to write down $4.5 billion in charges related to the Trump administration's ban on sales of its H20 chip to China. The company announced the news in an April regulatory filing. Nvidia's shares have fluctuated wildly since the start of the year as the company has dealt with setbacks ranging from export controls to concerns related to expected semiconductor tariffs. But a last-minute reprieve from Washington's planned AI diffusion rule, which was put in place by the Biden administration to limit GPU sales to certain countries, and major investment announcements during Trump's visit to the Middle East have increased Nvidia's share price to more than $136 — slightly less than 2% up from the stock's value at the start of the year, and up roughly 20% over the past 12 months as of Wednesday. Nvidia's report follows the company's showing at the annual Computex Taipei trade show in Taiwan, where it showcased new technologies, such as a cloud offering that gives customers access to cloud-based versions of Nvidia's GPUs via third-party providers like CoreWeave (CRWV) and Foxconn ( Nvidia specifically designed the H20 to meet the Biden administration's restrictions on AI chips destined for China. But DeepSeek sent shockwaves through Washington and Wall Street when it proved it could produce powerful AI models using below top-of-the-line Nvidia chips. As a result, Trump imposed tighter restrictions on the company's chips, banning the sale of H20s in the country. "There is simply no offset to this," Morgan Stanley analyst Joseph Moore wrote in an investor note ahead of the earnings report. "Blackwell demand is very strong ... but they are supply constrained, and lost H20 does not result in more Blackwell supply. We assume that this takes about $1 billion out of the April [quarter] — impact was effective April 7, so 23 days of lost H20 revenue—and about $5 billion of lost revenue in July. We actually think demand for H20 is much higher, driven by the surge of inference in China." According to Reuters, Nvidia is now working on a modified version of the H20 that meets the Trump administration's performance requirements. During a press conference at Computex, Huang came out swinging against the US's policies, saying that they've been a failure and that they benefit China's own AI chipmakers, according to Bloomberg. Nvidia received relief from some export restrictions when the Trump administration axed the Biden administration's planned AI diffusion rules, which would have created a tiered system that determined which countries could purchase AI chips and which required special licenses or couldn't get them at all. The administration plans to introduce a new set of export requirements in the future. The move set up Nvidia's announcement that it will provide hundreds of thousands of GPUs over the next five years to Humain, an artificial intelligence startup backed by Saudi Arabia's sovereign wealth fund. The news came during Trump's trip to the Middle East, which also included the announcement of a second Project Stargate that will be built in the United Arab Emirates using Nvidia's Blackwell systems. "For investors worried about AI capex sustainability, we now have another deep pocketed customer willing and capable to spend large amounts of money on a clearly strategic push as Saudi Arabia attempts to position itself as a regional and global AI hub," Bernstein analyst Stacy Rasgon wrote in an investor note. Read more about Nvidia's earnings: Nvidia to report Q1 earnings as Middle East deals, export control reprieve boost stock How Nvidia 'played a central role' in the $306 billion AI startup boom Why Nvidia's rise could signal bad news for climate goals Nvidia's bear case: Is the hype train running out of tracks? Big Tech's spending drove Nvidia's rise Nvidia China revenue set to cross $6 billion in Q1 as investors brace for export ban impact 3 things Nvidia investors should look out for in its earnings call Nvidia earnings topped forecasts by 10% over past 2 years Email Daniel Howley at dhowley@ Follow him on X/Twitter at @DanielHowley. 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Entrepreneur
24-06-2025
- Business
- Entrepreneur
Nvidia CEO Starts Selling Stock, $865M By End of Year
Nvidia CEO Jensen Huang, 62, has begun selling Nvidia shares under a new trading plan that allows him to dispose of up to $865 million worth of stock by the end of the year. According to a Monday filing with the Securities and Exchange Commission, Huang offloaded 100,000 Nvidia shares, worth $14.4 million, between Friday and Monday, his first sale of the year. Another filing shows that Huang sold another 50,000 shares on Monday, valued at over $7 million. The transactions fall under a new 10b5-1 plan adopted on March 20 and disclosed last month in Nvidia's quarterly report. The plan allows Huang to sell six million shares in total by December 31, which would equal $865 million worth of shares at Monday's closing price of $144.17. Related: 'The Decade of Autonomous Vehicles': Nvidia CEO Predicts Major Growth in Robotics, Self-Driving Cars Nvidia's quarterly report also revealed that the company's Chief Financial Officer, Colette M. Kress, and its Director, A. Brooke Seawell, also adopted 10b5-1 plans in March. Kress has the option to sell 500,000 Nvidia shares by March 24, 2026, and Seawell can sell over 1.1 million shares by July 31. Huang's trading plan gives him and other executives the option to cash in on stock on a pre-arranged plan. Huang has sold more than $1.9 billion in Nvidia shares to date, per Bloomberg. Nvidia co-founder and CEO Jensen Huang. PhotoHuang is the 12th richest person in the world, according to the Bloomberg Billionaires Index, with a net worth of $126 billion at the time of writing. Most of his fortune, or about $124 billion worth, consists of Nvidia shares, and the rest is cash. Huang, who co-founded Nvidia in 1993 and has been leading it ever since, owns about 3.5% of the AI chipmaker as of March. Related: How Nvidia CEO Jensen Huang Transformed a Graphics Card Company Into an AI Giant: 'One of the Most Remarkable Business Pivots in History' Nvidia recently reported strong earnings. For the first quarter of fiscal year 2026, ending April 27, the AI giant reported revenue of $44.1 billion, up 12% from the previous quarter and up 69% from the same period last year. Nvidia expects revenue to be even higher for the second quarter of 2026, predicting $45 billion. Nvidia shares have been climbing for the past month and are up over 8%. The company is the No. 2 most valuable in the world, with a market capitalization of $3.58 trillion, second to Microsoft.
Yahoo
09-06-2025
- Business
- Yahoo
Nvidia (NVDA) Reaffirms AI Dominance After CFO Dinner Briefing
Nvidia (NVDA, Financials) provided new clarity on key investor concerns during a private investor dinner hosted by Bank of America in San Francisco, reinforcing its long-term AI strategy and execution roadmap. Warning! GuruFocus has detected 4 Warning Signs with NVDA. The event featured Nvidia CFO Colette Kress, VP of Investor Relations Toshiya Hari, and VP Ian Buck, who addressed three core concerns: the rollout of the Blackwell rack systems, global AI diffusion including sovereign demand, and the impact of U.S. export restrictions on Chinese AI chip shipments. Blackwell NVL rack systems were said to be fully ramped as of June 5, with roughly 70% of Nvidia's compute sales in fiscal Q1 tied to the platform. The firm also confirmed that production of Blackwell Ultra will begin in the current quarter, with volume expected to rise in the second half. The next-generation Rubin and Feynman architectures remain on schedule, supporting Nvidia's annual product cadence. Bank of America estimated Nvidia's total addressable data center market opportunity between $250 billion and $350 billion, based on third-party projections of 5 to 7 gigawatts of new capacity in 2025. Nvidia's current pipeline stands at roughly $175 billion, supported by what the analyst called a symbiotic relationship with hyperscalers. The analyst added that the company has fully de-risked China in its latest data center forecasts, removing any projected sales tied to the H20 AI chip, which was subject to export licensing restrictions during the first quarter. Nvidia previously disclosed a $2.5 billion sales hit related to those restrictions in its May 28 earnings. The easing of sovereign AI restrictions was also seen as a tailwind, with Nvidia now able to serve government-backed AI demand either directly or through cloud and enterprise intermediaries. Bank of America reiterated a Buy rating and a $180 price objective for Nvidia, citing the company's multi-year lead in performance, pipeline, incumbency, scale, and developer support as key reasons for sustained upside in the AI cycle. Nvidia previously reported fiscal Q1 revenue of $44.1 billion, up 69% year over year. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
