Don’t give up Nvidia (Nvda) in the middle of a sale after earning. At least it’s the word AI investor Cathie Wood.
Nvidia is still high growth, the founder of the ARK INVEST said Yahoo Finance at a Bitcoin Investor Week conference in New York on Friday. Wood thinks supplies could still be a 20% breeder, even if the margins of companies compress a little because of the new AMD lace competition (AMD) and Amazon (AMZN).
“This market will not only be Nvidia, but all praise to Nvidia for the incredible options he created,” Wood said. “She really started the AI revolution, and we think she would still play a powerful role.”
Wood said she was still holding Nvidia’s stock.
Near: February 28 at 4:00 pm
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In his edition of earnings on Wednesday night, Nvidia announced that a gross profit margin of 70.6% to 71% is expecting In the first quarter, how he struggles with the production increase in his new Blackwell Chip.
The odds for the 71% margin “is a bit concerned”, general director of Benchmark Company and Senior Aidalist to Research Cody Acree said to a market dominance of Yahoo Finance. “I think it indicates more prices, more competition than AMD (AMD), and more sensitivity to prices with their customers while investing their own dollars to create their own Asic [application-specific integrated circuits]. “
After switching between gains and losses on Thursday, the Nvidia section closed 8.48%. The shares recovered by 1.5%on Friday.
At the invitation of the company, Nvidia Execs sought to push themselves against the bear, who presented the narrative that there would be a digestion period for investment in AI by hyperscalers such as Amazon (AMZN) and that Nvidia’s margins may have reached its peak.
“We will have to continue scaling because demand is quite high and customers are anxious and impatient to get their Blackwell systems,” founder and CEO of Nvidia Jensen Huang said. Huang teased several new powerful chips that were to be presented at the GTC 17th Conference on March 17th.
Nvidia Cfo Colette Kress added: “Once our Blackwell is completely rounded off, we can improve the costs and gross margin. So, we expect we will probably be in the mid-70’s later this year.”
Brian Sozzi Is the executive editor Yahoo Finance. Follow Sozzi on x @Briaszzi,, Instagramand LinkedIn. Tips on stories? Send e -mail brian.sozzi@yahoofinance.com.
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