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Ericsson to lay off 1,200 employees in Sweden due to decreased demand and cost-cutting measures. Challenges facing European telecom sector.
Nvidia revolutionized AI & computing with H100 chip, contributes $1T to value. Q4 revenue of $22.1B, EPS $5.16. H100 in high demand, new chips coming.
Nvidia CEO Jensen Huang highlighted the company's strong position due to industry-wide transitions to accelerated computing and generative AI, emphasizing Nvidia's role in powering AI applications like ChatGPT, Midjourney, and Sora, and noting a 40% revenue contribution from AI inference in the data center sector.
Nvidia CEO Jensen Huang acknowledges potential supply constraints for the company's next-generation products during their Q4 earnings call, despite improvements in the supply chain and ongoing efforts to meet high demand.
Truist analyst reiterates Buy rating on Nvidia with $691 price target. Expectations high for Q4 results, analyst predicts strong demand & upside potential. Valuation concerns mitigated, company well-positioned for growth in AI market.