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<Research>CMBI: NVIDIA's Strong Guidance Markedly Eases Mkt Concerns Over AI Bubble
Recommend 1 Positive 3 Negative 1 |
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CMBI released a report covering NVIDIA (NVDA.US), which once again delivered quarterly results beat. 3Q revenue surged to USD57 billion, representing a 62% YoY growth and a 22% QoQ increase, surpassing market expectations/ company guidance by 3%/ 6%. The company's revenue for this quarter hiked USD10 billion QoQ, notably exceeding the historical normal level of USD4-5 billion. The non-GAAP gross margin stood at 73.6%, slightly below market expectations but marginally above company guidance. The gross margin improved by 1.0 percentage point QoQ, thanks to upgrades in the data center product mix, shortened delivery cycles, and optimized cost structures. NVIDIA, with its excellent execution capabilities and strong guidance, has considerably alleviated market concerns over an AI bubble, the broker said, staying optimistic about the AI industry and expecting the AI supply chain to keep outperforming the broader market until 2026. It reaffirmed a Buy rating on ZHONGJI INNOLIGHT (300308.SZ) and SYTECH (600183.SH). AASTOCKS Financial News Website: www.aastocks.com |
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