In its most recent 10-K filing, the company disclosed that its contracts with U.S. federal government agencies accounted for approximately 17% of its North American revenues in fiscal 2024.
Earlier this week, Citi said that it expects the company to post "decent results but guide below consensus, driven by worse consumer mix and NAND underutilization charges.”
The deal aligns with Nvidia’s broader push into synthetic data generation, seen at GTC 2025, which helps developers train AI models with highly customized datasets.
Risk sentiment shows signs of recovery by midday trading in New York, as investors anxiously await the Federal Open Market Committee (FOMC) meeting at 2:00 p.m., hoping that Federal Reserve Chair Jerome Powell will offer reassuring remarks on the strength of the economy.
Bank of America (BofA) said Nvidia is “deepening its competitive moat,” while JPMorgan noted that the company’s “aggressive roadmap” keeps it “1-2 steps ahead of its competitors.”
Beyond chips, Nvidia announced the new Spectrum-X Silicon Photonics Ethernet switch, offering 1.6 Terabits per second per port switches to deliver 3.5x energy savings and 10x resilience in AI Factories.
Dynamo, the successor to Nvidia’s Triton Inference Server, is designed to increase inference performance while lowering costs for scaling test-time computing.
The company also updated its Springboard plan, targeting more than $4 billion in annualized sales, up from a target of $3 billion and a 20% operating margin by the end of 2026.
According to a report by The Information, Amazon Web Services (AWS) is offering deep discounts on its artificial intelligence chips to compete with Nvidia and attract more customers.
Evercore ISI analysts think Apple is positioned to sustain mid-single-digit sales growth and low-to-mid teens free cash flow and earnings per share growth over the next several years.
Stocks were little moved during midday Monday trading in New York, as a mixed retail sales report failed to generate a bullish response from investors.
Citi anticipates "decent results" but warns that guidance may fall short of consensus estimates, while Baird took a more optimistic stance, stating it is “incrementally positive” on Micron’s outlook.
