Nvidia Can t Escape Shadow of AI Spending Fears – WSJ

Also, the new products that Nvidia is building to stay well ahead of the competition are rising significantly in complexity weighing a bit on the company s gross margin line. But even that is a bit of a nitpick; Nvidia s gross margin of 75.1% for the most recent quarter was down 3 points from three months earlier, but well above the 65% the company has averaged over the past four years. And even at 75%, Nvidia is commanding a higher gross margin than all but one of the other companies on the PHLX Semiconductor Index, according to data from S&P Global Market Intelligence.

Nvidia is doing fine, in other words. The stock slipped about 7% in after-hours trading Wednesday, following the company s report and conference call. That is a minor haircut for a company that has seen its market cap increase more than fivefold in the past 18 months. But that increase has put Nvidia under an intense spotlight befitting a company valued on par with Microsoft MSFT 1.80%increase; green up pointing triangle while generating less than half of the software giant s annual revenue. The chip company with the funny name has quickly become a household namewatch parties among investors and fans eager to track the action. 

via www.wsj.com

I refer you to the ballad I and chatGPT wrote to Nvidia earlier.