Andy Patrizio – Jon Peddie Research

Nvidia beats projections, Blackwell on track

Data center sales rose 54% YoY, and graphics/gaming was up 15.7%.

15,000 employees are about to pay for management’s misfire.

Data center sales rose 427% YoY, while graphics/gaming was up just 18%.

Seasonal weakness was to be expected, but the stock took a hit on weak guidance.

The quarter was more about business and infrastructure happenings than sales and profit.

Revenue rose 265% over the prior year to $22.3 billion, and that’s with the loss of sales to China.

Epyc and Instinct are the stars of the show, while Ryzen has a good Christmas .

The client business fared much better than the server business, which continues to languish.

Revenue rose a stunning 205% over the prior year to $18 billion, and the company is projecting higher for the next quarter.

Q4 2023 expected to grow but not as much as analysts predicted.

Sales and income exceeded projections but given what they have on the market, sales should have been much higher.

It will still be a part of Intel but operate independently, similar to how Mobileye now does.