Nvidia Said Q2 Gross Margins Negatively Impacted By Inventory Provisions For Low-yielding Blackwell Material & May Continue To Be Impacted In Future -Conf Call
Portfolio Pulse from Benzinga Newsdesk
Nvidia's Q2 gross margins have been negatively impacted by inventory provisions for low-yielding Blackwell material, and this issue may continue to affect future margins.
August 28, 2024 | 9:26 pm
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Nvidia's Q2 gross margins have been negatively impacted by inventory provisions for low-yielding Blackwell material, and this issue may continue to affect future margins.
The news directly affects Nvidia's financial performance by indicating a negative impact on gross margins due to inventory provisions. This could lead to a short-term decrease in stock price as investors react to the potential for continued margin pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100