Nvidia CEO Jensen Huang Rips 'the Band-Aid Off' as AI Chip Giant Resets Expectations

Nvidia CEO Jensen Huang rips 'the Band-Aid off' as AI chip giant resets expectations

Nvidia CEO Jensen Huang defended his decision to "rip the Band-Aid off" on the company’s gross margins as the chip giant continues to power some of the world’s most advanced artificial intelligence models.The CEO addressed reports of potential 15% price hikes while touting the company’s job creation as Nvidia employs roughly 42,000 people worldwide."This quarter we decided that we would rip the Band-Aid off, reset expectations about our gross ma…

Nvidia resets margin expectations as AI costs climb

Nvidia has reset expectations around one of the numbers investors watch most closely: gross margin. Chief executive Jensen Huang said the company has absorbed higher costs, repriced its products and expects margins to settle between 72% and 73% next year, down from 75%. The change comes after Nvidia reported fiscal second-quarter earnings above Wall Street expectations and offered a strong revenue outlook. Its shares rose 4%, while the company s…

Financial News Network - Nvidia CEO Jensen Huang 'rips the Band-Aid off' as AI chip giant resets expectations

Nvidia CEO Jensen Huang says the company decided to "rip the band-aid off" on gross margins, resetting expectations to 72%-73% for next year.Read More …