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Nvidia’s sales growth slows amid Blackwell chip delays

Nvidia’s Q3 sales are anticipated to rise by 82.8% to US$33.13 billion, according to LSEG data. This represents the slowest growth in six quarters after five quarters of doubling sales.

The growth rate for the quarter ending in January may decrease to 67.6% with sales of the new Blackwell chips.

Blackwell’s production faces delays due to design issues, impacting delivery timelines.

Despite expected decreases in adjusted gross margin and rising R&D expenses, demand for Nvidia’s GPUs is likely to remain strong.

Recent Nvidia developments

Timeline
19-Nov-2024 🔗 Nvidia, Google partner to advance tech for quantum computing
  • Nvidia teams with Google on quantum tech
  • Eos supercomputer to aid quantum component design
08-Nov-2024 🚀 Nvidia’s valuation reaches $3.65t, surpassing Apple’s record
  • Nvidia hits $3.65T market valuation milestone.
  • Surpasses Apple’s $3.57T record amid stock surge.
04-Nov-2024 ⚡ Nvidia CEO asks SK Hynix to speed up new AI chip deliveries
  • Nvidia urges SK Hynix to expedite HBM4 supply.
  • SK Hynix advances timeline by six months to meet demand.
04-Nov-2024 📈 Nvidia to replace Intel in Dow Jones index
  • Nvidia replaces Intel in the Dow Jones index
  • Effective November 8, highlighting AI industry’s rise
28-Oct-2024 🚀 Nvidia overtakes Apple as world’s most valuable company
  • Nvidia surpasses Apple as most valuable company
  • Market value peaks at $3.53 trillion amid AI chip demand

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