NVIDIA conference call update: Blackwell demand is staggering; Hopper demand is exceptional
- Hopper demand is exceptional. Consumer internet revenue more than doubled year on year as companies scaled their Hopper infrastructure to support next generation AI models. Upcoming release of Nvidia NIM will boost Hopper inference performance by an additional 2.4x.
- Blackwell demand is staggering; racing to scale supply to meet the incredible demand.
- The next wave of AI are Enterprise AI and Industrial AI.
- Enterprise AI is in full throttle. Expect Enterprise AI full year revenue to increase over 2x from last year, and pipeline continues to build.
- Industrial AI and robotics are accelerating. Some of the largest industrial manufacturers in the world are adopting Nvidia Omniverse to accelerate their businesses.
- Data center revenue in China grew sequentially due to shipments of export compliant Hopper products to industries. As a percentage of total data center revenue, it remained well below levels prior to the onset of export controls.
- In Gaming, channel inventory remains healthy; gearing up for the holiday season.
- In ProV, RTX workstations continued to be the preferred choice to power professional graphics design and engineering related workloads.
- In Automotive, strong growth was driven by self-driving ramps.
- On track to exceed previous Blackwell revenue estimate of several billion dollars in Q4.
NVDA shares have climbed back from lows of -5.4% and are trading around -0.8% during the aftermarket session.