Weekly AI Update: August 29th, 2024

NVIDIA Earnings Highlight

英伟达 Corp. beat both EPS and revenue estimates, with robust data center performance playing a key role despite a slight dip in gross margin. The company also projects sovereign AI revenue to reach low double-digit billions by 2025, fueled by global demand for nation-specific AI infrastructure. CEO Jensen Huang emphasized the growing importance of AI as countries increasingly view their data as a national resource, further solidifying 英伟达 's leadership in the AI space.

Super Micro Shares Rattled

Supermicro announced a delay in filing its annual Form 10-K for the fiscal year ended June 30. The company cited the need for additional time to complete its assessment of internal controls over financial reporting. This announcement followed a report by Hindenburg Research alleging accounting manipulation, leading to a 26.3% drop in Supermicro shares midday. The delay and allegations have raised concerns among investors about the company’s financial integrity.

Apple Boosts iPhone Orders

苹果 has reportedly increased orders for its upcoming AI-equipped iPhones to 88-90 million units ahead of the anticipated Sept. 9 launch. This increase reflects strong confidence in the new products and surpasses last year’s initial orders of around 80 million units. The higher order volume signals 苹果 's optimism about the market reception of its latest AI-driven technology, positioning the company for another successful product cycle.