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COP28: how bad climate change is already and what we need to do to tackle it

COP28: how bad climate change is already and what we need to do to tackle it
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Nvidia outlook beats expectations but China worries linger

Nvidia outlook beats expectations but China worries linger
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Nvidia: Nvidia outlook beats expectations but China worries linger

Demand for artificial-intelligence servers has grown rapidly, with research firm TrendForce estimating shipments to rise about 40% this year, thanks to their use in powering products like OpenAI s ChatGPT.

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Nvidia outlook beats expectations but China worries linger

(Reuters) -Chip designer Nvidia forecast fiscal fourth-quarter revenue above Wall Street targets on Tuesday as supply-chain issues ease, but a cloudy outlook for China sales weighed on shares that have more than tripled in price this year. Nvidia, which outsources manufacturing to chipmakers like TSMC, has said it expects supply for its AI chips to improve each quarter, with the company making prepayments and placing noncancellable orders to ensure suppliers prioritize its chips. But the red-hot market for AI chips is playing out in the context of vastly expanded U.S. export controls on what Nvidia can sell to China.

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Nvidia outlook beats expectations but China worries linger

(Reuters) -Chip designer Nvidia said on Tuesday it expects a steep drop in fourth-quarter sales in China - a key revenue generator - in the wake of new U.S. rules, but forecast overall revenue above Wall Street targets as supply-chain issues ease. Nvidia, whose graphics processing units (GPUs) dominate the market for AI, is set to take a hit from the vastly expanded U.S. export controls on what the company can sell to China. Sales of the affected chips made up nearly a quarter of Nvidia's datacenter sales in the past few quarters.

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