NVIDIA (NVDA. O) CEO: More Blackwell chips will be delivered in the fourth fiscal quarter than previously expected.
Nvidia said Blackwell's revenue in the fourth quarter is expected to exceed previous estimates of billions of dollars, and Blackwell's gross margin will reach a mid-range level of 70% when production is at its peak. BLACKWELL production is running at full speed and will deliver more Blackwell chips than expected in the fourth fiscal quarter.
Apple (AAPL. O) reported solid revenue growth in its fiscal fourth quarter. The company is optimistic that new artificial intelligence features will drive hardware sales to grow ahead of the holiday sales season. Fourth-quarter revenue rose 6% year-on-year to $94.90 billion, slightly higher than consensus expectations of $94.40 billion. Q4 net profit was $14.736 billion, compared with $22.956 billion a year earlier, and market expectations were $23.52 billion.