Nvidia Unchanged Despite Big Earnings Beat And Solid Guidance As we discussed extensively in our preview, besides the Q1 revenue and guidance ($82BN+ and $90BN whisper respectively), Wall Street was expecting to get more color on the following topics during today's call and Q&A: Potential for increased shareholder cash returns, Vera Rubin ramp timing (2H 26E), Gross margin durability (~75% amidst ...
Nvidia Unchanged Despite Big Earnings Beat And Solid Guidance As we discussed extensively in our preview, besides the Q1 revenue and guidance ($82BN+ and $90BN whisper respectively), Wall Street was expecting to get more color on the following topics during today's call and Q&A: Potential for increased shareholder cash returns, Vera Rubin ramp timing (2H 26E), Gross margin durability (~75% amidst continued memory/other cost inflation), Update to the $1 Trillion 25-27 forecast, esp. contribution from LPU racks, CPU and Vera Rubin Ultra, not included before Potential upside from agentic AI to the server CPU business; Competitive landscape changes against Google TPU, agentic CPU, other ASICs. With that in mind, here is what the world's biggest company just reported for Q1: Revenue $81.62BN, beating Exp $79.19BN, but a bit light of the $82BN whisper Adj EPS $1.87, beating Exp $1.76 Adj. Gross Margin 75%, beating Exp. 74.5% Solid all around. The company's all-important disclosed Data Center revenue was a record $75.2 billion in Q1, up 21% from the previous quarter and up 92% from a year ago. Nvidia also said that Vera Rubin is on track for second half of 2026. “The buildout of AI factories — the largest infrastructure expansion in human history — is accelerating at extraordinary speed,” said Jensen Huang, founder and CEO of NVIDIA. “Agentic AI has arrived, doing productive work, generating real value and scaling rapidly across companies and industries. NVIDIA is uniquely positioned at the center of this transformation as the only platform that runs in every cloud, powers every frontier and open source model, and scales everywhere AI is produced — from hyperscale data centers to the edge.” Looking ahead, the company guided to revenue of $91.0 billion (plus or minus 2%), which is on top of the whisper number that had been discussed earlier. Certainly a solid guide, especially since NVIDIA is not assuming any Data Center compute revenue from China in its outlook. Some more ...
Available for over a year US tax authorities will be barred from pursuing claims against Donald Trump, some members of his family and the Trump organisation. This pledge is part of an extraordinary new settlement, announced yesterday, between the US president and the US Department of Justice. In this episode, Sarah and Anthony look at the implications of the deal, which includes the creation of a ...
Available for over a year US tax authorities will be barred from pursuing claims against Donald Trump, some members of his family and the Trump organisation. This pledge is part of an extraordinary new settlement, announced yesterday, between the US president and the US Department of Justice. In this episode, Sarah and Anthony look at the implications of the deal, which includes the creation of a fund worth almost £1.8 billion for victims of alleged “lawfare”, aswell as supporters of the president who claim to have been unfairly prosecuted. Also this week, Donald Trump has continued his purge of those he sees as disloyal within the Republican Party through primary elections throughout the US. In Kentucky, Congressman Thomas Massie lost his bid for re-election after Trump endorsed his challenger and his donors threw unprecedented amounts of money at the campaign. In Louisiana, veteran Senator Bill Cassidy lost out to a Trump backed challenger (Cassidy angeredTrump by his 2021 decision to impeach him in 2021). What do these victories tell us about Donald Trump’s popularity within the Republican party? And what does that mean for Republicans who disagree with him? HOSTS: Sarah Smith, North America Editor Anthony Zurcher, North America Correspondent GET IN TOUCH: • Join our online community: https://discord.gg/qSrxqNcmRB • Send us a message or voice note via WhatsApp to +44 330 123 9480 • Email Americast@bbc.co.uk • Or use #Americast This episode was made by Purvee Pattni, Tom Gillett, Alix Pickles and Grace Reeve. The technical producer was Mike Regaard. The series producer is Purvee Pattni. The senior news editor is Sam Bonham. If you want to be notified every time we publish a new episode, please subscribe to us on BBC Sounds by hitting the subscribe button on the app. You can now listen to Americast on a smart speaker. If you want to listen, just say "Ask BBC Sounds to play Americast”. It works on most smart speakers. US Election Unspun: Sign up for Anthony’s BBC ne...
anamejia18/iStock Editorial via Getty Images Colombia's government approved the environmental viability of the exploratory phase of the Nereidas geothermal project, led by state oil company Ecopetrol ( EC ), Baker Hughes ( BKR ), and utility CHEC, Reuters reported Wednesday. For Colombia, where hydropower has supplied as much as 70% of electricity generation in recent years, geothermal could ...
anamejia18/iStock Editorial via Getty Images Colombia's government approved the environmental viability of the exploratory phase of the Nereidas geothermal project, led by state oil company Ecopetrol ( EC ), Baker Hughes ( BKR ), and utility CHEC, Reuters reported Wednesday. For Colombia, where hydropower has supplied as much as 70% of electricity generation in recent years, geothermal could offer a low-emissions source of baseload electricity that is less exposed to swings in rainfall; Nereidas is the country's first large-scale geothermal exploration initiative. Ecopetrol ( EC ) has said the project could eventually generate 50-100 MW of renewable power, enough to serve more than 250K families. Separately, Ecopetrol ( EC ) said Wednesday it had cleared the conditions needed to acquire a 49% stake in two wind power projects in La Guajira from AES Corp. The JK1 and JK2 projects, valued at ~$25.5M, have combined capacity of 259 MW and include a 35-km transmission line connected to a collector substation, Ecopetrol ( EC ) said. More on Ecopetrol Ecopetrol Q1 2026 Earnings Call Presentation Ecopetrol: The Rerating Story Is Over The Slow Destruction Of Colombia's Ecopetrol
AT&T ( T ) on Wednesday announced $19 billion of investment in California's fiber and wireless networks by the end of 2030, aimed to bring high-speed connectivity. This marks the company's largest-ever infrastructure investment commitment in the state, AT&T said, adding that it is investing $3 billion more in the next five years (2026-2030) than the previous five (2021-2025) – reaching $35 billion...
AT&T ( T ) on Wednesday announced $19 billion of investment in California's fiber and wireless networks by the end of 2030, aimed to bring high-speed connectivity. This marks the company's largest-ever infrastructure investment commitment in the state, AT&T said, adding that it is investing $3 billion more in the next five years (2026-2030) than the previous five (2021-2025) – reaching $35 billion invested over 10 years (2021-2030) in California's network. AT&T said its commitment includes bringing fiber to an additional 4 million+ households and businesses in the state by the end of 2030, to reach 9 million+ fiber locations,as well as expanding its wireless network with additional spectrum and adding more than 1,200 cell sites by the end of 2030, among others. Press release More on AT&T AT&T Inc. (T) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript AT&T Inc. (T) Shareholder/Analyst Call Transcript Wall Street Lunch: Does AT&T's History Help Ease AI Capex Fears? AT&T reaffirms profit targets, goal of 60M fiber internet coverage by 2030 Telecom providers aim to end dead zones by pooling resources
Nvidia CFO Colette Kress said Wednesday that first-quarter total supply-related commitments were $119 billion. That's a 25% increase from the $95.2 billion in the fourth quarter. "We have strategically secured inventory and capacity to meet demand beyond the next several quarters," Kress said.
Nvidia CFO Colette Kress said Wednesday that first-quarter total supply-related commitments were $119 billion. That's a 25% increase from the $95.2 billion in the fourth quarter. "We have strategically secured inventory and capacity to meet demand beyond the next several quarters," Kress said.
In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, Occidental Petroleum Corp (Symbol: OXY) has taken over the #247 spot from Take-Two Interactive Software, Inc. (Symbol: TTWO), according to The Online Investor Market capitalization is an important data point for investors to keep an eye on, for various reasons. The most basic reason is that it ...
In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, Occidental Petroleum Corp (Symbol: OXY) has taken over the #247 spot from Take-Two Interactive Software, Inc. (Symbol: TTWO), according to The Online Investor Market capitalization is an important data point for investors to keep an eye on, for various reasons. The most basic reason is that it gives a true comparison of the value attributed by the stock market to a given company's stock. Many beginning investors look at one stock trading at $10 and another trading at $20 and mistakenly think the latter company is worth twice as much — that of course is a completely meaningless comparison without knowing how many shares of each company exist. But comparing market capitalization (factoring in those share counts) creates a true "apples-to-apples" comparison of the value of two stocks. In the case of Occidental Petroleum Corp (Symbol: OXY), the market cap is now $60.37 billion, versus Take-Two Interactive Software, Inc. (Symbol: TTWO) at $44.10 billion. Below is a chart of Occidental Petroleum Corp versus Take-Two Interactive Software, Inc. plotting their respective size rank within the S&P 500 over time (OXY plotted in blue; TTWO plotted in green): Below is a three month price history chart comparing the stock performance of OXY vs. TTWO: Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers — much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's). This can have a direct impact on which mutual funds and ETFs are willing to own the stock. For instance, a mutual fund that is focused solely on Large Cap stocks may for example only be interested in those companies sized $10 billion or larger. Another illustrative example is the S&P MidCap index which essentially takes the S&P 500 index and "tosses out" the biggest 100 companies so as to focus solely on the ...
SpaceX filed publicly for its initial public offering, moving Elon Musk ’s rocket, satellite and artificial intelligence company a step closer to delivering the world’s biggest-ever debut. The company known formally as Space Exploration Technologies Corp. chose Nasdaq to make its debut under the symbol SPCX , according to a filing Wednesday with the US Securities and Exchange Commission. SpaceX pr...
SpaceX filed publicly for its initial public offering, moving Elon Musk ’s rocket, satellite and artificial intelligence company a step closer to delivering the world’s biggest-ever debut. The company known formally as Space Exploration Technologies Corp. chose Nasdaq to make its debut under the symbol SPCX , according to a filing Wednesday with the US Securities and Exchange Commission. SpaceX previously filed confidentially for the listing, Bloomberg News reported in April. Follow out reporters digging into the filing on our TOPLive blog here. The largest private company, led by the world’s richest person, is targeting as much as $75 billion in its listing at a valuation of more than $2 trillion, people familiar with the matter have said . That would eclipse the $29.4 billion IPO record set by Saudi Aramco in 2019. SpaceX dominates the space transportation industry, and is a key rocket-launch provider for both NASA and the Pentagon . It also derives billions of dollars in revenue from its Starlink satellite internet business. Long a darling of private market investors, SpaceX’s private valuation has grown rapidly, reaching $1.25 trillion after it acquired Musk’s AI startup xAI this year. The acquisition included X, the social media network that Musk acquired in 2022 in a $44 billion deal, including $33.5 billion in equity. At $2 trillion, SpaceX’s market value would be larger than all but a handful of the companies in the S&P 500 Index, and larger than Tesla Inc. , which Musk also runs. His fortune, which stands at $680 billion according to the Bloomberg Billionaires Index , could surge if the IPO is a success. For the latest news on equity capital markets activity in the US, Canada and Latin America, terminal users can follow the channel or visit NI BFWECMUS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here . Goldman Sachs Group Inc. and Morgan Stanley are leading SpaceX’s IPO, the filing shows. Bank of America Cor...
Moody’s Ratings cut Mexico’s credit score to the lowest tier of investment grade, citing the country’s weakening fiscal position and stoking concern Latin America’s second-largest economy is heading toward junk status. The firm downgraded Mexico to Baa3 from Baa2, while revising its outlook to stable from negative, according to a statement on Wednesday. The move comes a week after S&P Global Ratin...
Moody’s Ratings cut Mexico’s credit score to the lowest tier of investment grade, citing the country’s weakening fiscal position and stoking concern Latin America’s second-largest economy is heading toward junk status. The firm downgraded Mexico to Baa3 from Baa2, while revising its outlook to stable from negative, according to a statement on Wednesday. The move comes a week after S&P Global Ratings revised Mexico’s credit outlook to negative from stable. The downgrade “reflects a sustained weakening in fiscal strength that accelerated in 2024 and that we expect to persist,” Moody’s analysts wrote. “Rigid spending, a narrow revenue base, and continued support to Petroleos Mexicanos limit the government’s ability to stabilize debt in a low-growth environment.” Ahead of the decision, Moody’s had sought clarity from authorities on how the Middle East conflict could affect a budget plan presented in early April, in which the government forecast a narrower deficit next year, as well as progress on a strategic overhaul of Pemex and USMCA talks, Renzo Merino, a senior credit officer in the sovereign risk group at the ratings firm said in April . Read more: Mexico Credit Rating Verdict From Moody’s Expected by June End The Moody’s rating is now in line that from Fitch Ratings, which has Mexico at BBB-, and one notch below S&P’s BBB rating. Moody’s had warned in February that ongoing support to Pemex could pressure the country’s debt metrics, and that uncertainty around this year’s review of the USMCA trade pact is also weighing on investor sentiment. Mexico last year raised a record $41 billion in hard-currency bonds as part of a broader plan from President Claudia Sheinbaum ’s government to support the state-owned oil company. Earlier this week, Citi economists and strategists said that the market isn’t fully pricing the medium-term risk of Mexico losing its investment grade rating and becoming a so-called fallen angel. “While spreads already reflect much of this expected ...
Erica Brescia, Redpoint Ventures managing director, reacts to Nvidia's first-quarter earnings report and explains why she is still bullish on the stock. She speaks on "Bloomberg The Close." (Source: Bloomberg)
Erica Brescia, Redpoint Ventures managing director, reacts to Nvidia's first-quarter earnings report and explains why she is still bullish on the stock. She speaks on "Bloomberg The Close." (Source: Bloomberg)