Jensen Huang · Nvidia · Oracle · Elon Musk · South Korea · Goldman Sachs · Fortune Technology
Nvidia currently has supply for 70% of the demand from current customers, said Huang during the call
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The tech giant jolted investors on Wednesday with a blockbuster second quarter earnings report, posting $96.2 billion in revenue, well above analysts’ $92.2 billion consensus estimate.
Key facts
- In the run-up to the group outing, LG rose by 30% on reports that Koo would meet with Huang, and LG affiliates followed suit with increases for its listed units ranging from 17% to 29%
- The figure was significantly higher than analysts’ 44% estimate, but Huang and Nvidia CFO Colette Kress specified that there were still heavy supply constraints holding back the $5 trillion chipmaker
- The tech giant jolted investors on Wednesday with a blockbuster second quarter earnings report, posting $96.2 billion in revenue, well above analysts’ $92.2 billion consensus estimate
- Nvidia also projected that it would grow revenue 70% next year, meaning revenue could soar more than $100 billion above where analysts were modeling
Summary
Korean fried chicken with the chairmen of SK Group and LG. People are so curious about where Nvidia CEO Jensen Huang eats, there’s a blog that tracks his sumptuous dinners out around the world. “One of the funnest things to do is to go figure out where I go for dinner, and who I have dinner with,” said Huang during the quarterly call that saw Nvidia’s stock jump more than 4% in after-hours trading. Huang was responding to a request from an analyst at Goldman Sachs to rank the most acute constraints on Nvidia’s ability to meet customer demand, against the backdrop of the blockbuster 70% revenue growth the company projected for next fiscal year. “There’s something funny I could say, but I’m going to not,” quipped Huang.