The Wall Street Journal

Nvidia Is Far From Running Out of Road

New Blackwell chip is off to a roaring start, while hit to profit margins should be short-lived

The hardest thing about being Nvidia these days is living up to the recent past. 

Nvidia’s fiscal fourth-quarter report late Wednesday continued the AI titan’s string of impressive results. Blowout spending on generative artificial intelligence continues to drive the company once primarily known for its PC gaming chips. Nvidia’s latest AI chip family, called Blackwell, racked up $11 billion in sales in its first quarter of shipping in volume, far ahead of the $3.5 billion analysts expected, according to consensus estimates from Visible Alpha.  

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