Nvidia Reclaims AI Narrative — But at What Cost to Gross Margins?

A新加坡1_11来来来

Find out more here:Nvidia Reclaims AI Narrative — But at What Cost to Gross Margins?

Nvidia's record quarter: revenue $96.221bn, +106% year-over-...

Nvidia Reclaims AI Narrative — But at What Cost to Gross Margins?

Nvidia's record quarter: revenue $96.221bn, +106% year-over-year and past the ~$93.6bn consensus, data center +117%, gross margin held at 75%. Rubin is accelerating toward full production, with Huang framing AI as the point where compute converts directly into revenue. The catch is memory: Q4 gross margin troughs at 71–72%, three to four points conceded to component costs. Shares +4% after hours, carrying memory, optical and cloud names along. Worth remembering the stock has fallen the day after earnings four quarters running. Does the supply chain rally from here?

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fuzzyoo
08-27
fuzzyoo
Gross margins probably face pressure. H20 yield has been the open secret for a while. This quarter still looks like financial magic more than durable demand
EvanHolt
08-27
EvanHolt
Data center mix is the key here. If H20 gets past 30% of revenue, gross margin probably gives up 2 to 3 points even with volume flex

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