Home / News / Nvidia CEO: Coronavirus caution shaves $100 million from Q1 expectations

Nvidia CEO: Coronavirus caution shaves $100 million from Q1 expectations

Jensen Huang, CEO of Nvidia, stated in an interview with VentureBeat that he shaved Nvidia’s expectancies for graphics and AI chip earnings within the present quarter since the coronavirus may have an effect on the corporate’s provide chain.

Mentioning the coronavirus outbreak in China, Huang stated the corporate is gazing the location carefully. So the corporate shaved the earnings estimate for the primary quarter out of warning. However he additionally stated the impact is mitigated partially as a result of a large number of Nvidia’s manufacturing (by the use of contractors) is primarily based in Taiwan.

However a 3rd of Nvidia’s gaming trade is in China, and the lockdown at the nation’s voters manner they aren’t going to be doing a large number of buying groceries, he stated. Nevertheless it may additionally imply that individuals will keep at house and play extra video games.

As a result of the coronavirus, Nvidia and different corporations pulled out of Cellular Global Congress, the massive cell tech industry display in Barcelona, Spain, and on account of that, the organizers of MWC determined to drag the plug at the display.

For the fourth-fiscal quarter ended January 26, Nvidia reported that it beat profits expectancies, with profits in keeping with proportion greater than doubling from a yr in the past and earnings rising 41% to $311 milllion.

Huang stated that he was once glad that Nvidia was once running with Tencent on a cloud gaming provider, however he stated the transition to the cloud will probably be a long-term adventure in gaming. The GeForce Now cloud gaming provider has introduced within the West with an open platform, with a number of hundred video games to be had.

Huang stated that Nvidia’s GeForce RTX graphics playing cards have now hit the candy spot, with playing cards priced at $299. Huang stated he’s assured that PC gaming and RTX graphics, that have real-time ray tracing, will change into extra widespread because the next-generation sport consoles arrive this autumn. The ones consoles could have real-time ray tracing, and they’re going to elevate the bar for graphics, Huang stated.

In the meantime, he stated AI is the “number one enlargement motive force” for Nvidia, with document gross sales of datacenter graphics processing devices (GPUs).

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