2024-06-24 10:33:38 ET
Summary
- Despite high expectations, Nvidia Corporation's data center revenues still beat consensus expectations by 7%.
- There is a growing breadth in the customer base of Nvidia, with enterprise and consumer internet companies becoming larger customers this quarter.
- Nvidia expects demand to outstrip supply well into 2025, with H200 ramping in 2024 and Blackwell ramping in 2025.
- The company also gave a glimpse into its next-generation accelerator platform called Rubin, which will see initial shipments in 2026.
Nvidia Corporation ( NVDA ) reported results and guidance ahead of high expectations, leading to a rally post earnings.
Demand continues to look good for its next-generation H200 and Blackwell platforms, with demand outstripping supply well into 2025.
The customer base is also starting to broaden out, with enterprise and consumer internet companies starting to become larger customers of Nvidia....
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Nvidia: Demand Outstripping Supply Well Into 2025