Latest news with #AbdullahbinSharafAlghamdi
Yahoo
2 days ago
- Business
- Yahoo
AI Giant NVIDIA Set to Release Earnings: Expectations for the Stock
The 2025 Q1 earnings season is slowly grinding to a halt, with the bulk of S&P 500 companies already delivering their quarterly results. The period has so far been primarily positive, although commentary about the upcoming periods amid recent tariff talks has been the driving force behind post-earnings reactions. And looming large this week is beloved NVIDIA NVDA, whose recent success has been fueled by the unrelenting AI frenzy. Shares have taken a breather in 2025 so far, barely in the green and nearly matching the S&P 500's performance. Image Source: Zacks Investment Research The DeepSeek news in early January really threw the market into a tantrum, partly explaining the muted performance in 2025 so far. But we've since learned that many companies remain committed to big CapEx plans concerning their AI infrastructure buildouts, a key development to keep in mind. Let's take a closer look at what to expect from the tech titan. Analysts have lowered their EPS expectations for the quarter to be reported over recent months, with the current $0.85 Zacks Consensus EPS estimate down 7% since March, suggesting 40% year-over-year growth. Image Source: Zacks Investment Research Top line revisions have largely remained stable, with the AI favorite expected to see 63% higher sales year-over-year. The growth rates here are undoubtedly impressive, underpinned by red-hot demand stemming from its Data Center products. The Zacks Consensus estimate for Data Center sales presently stands at $38.5 billion, 70% higher than year-ago sales of $22.6 billion. The company has exceeded our consensus expectations handily regarding its Data Center results over recent periods, achieving six consecutive positive beats. Below is a chart illustrating NVDA's Data Center sales on a quarterly basis. Image Source: Zacks Investment Research Unsurprisingly, commentary surrounding China will be critical, likely dictating the post-earnings reaction. For a quick refresher, the Trump administration imposed export limits on Nvidia's H20 chip in April, which is expected to cost the company $5.5 billion in charges. But while the China picture may be a bit cloudy, other positive developments from other countries have emerged, including NVIDIA's recent deal with the Kingdom of Saudi Arabia (KSA). More specifically, HUMAIN, a subsidiary of Saudi Arabia's Public Investment Fund focused on AI, is making a major investment to build AI factories in KSA with a projected capacity of up to 500 megawatts powered by several hundred thousand of NVIDIA's most advanced GPUs over the next five years. 'This partnership with NVIDIA reflects SDAIA's commitment to harnessing and advancing the potential of data and AI through continuous innovation,' said H.E. Dr. Abdullah bin Sharaf Alghamdi, president of the SDAIA. 'It marks a significant step toward positioning the Kingdom as a leader among data- and AI-driven economies, and in building a knowledge-based society and an advanced digital economy aligned with the objectives of Saudi Vision 2030.' Simply put, everybody wants to get their hands on NVIDIA's GPUs. China remains critical, but the recent deals demonstrate that the company can easily generate additional avenues of growth even when faced with restrictions. Below is a chart illustrating NVIDIA's red-hot sales growth on a quarterly basis. Image Source: Zacks Investment Research Concerning the valuation picture, NVDA shares presently trade at a 28.8X forward 12-month earnings multiple, nearly half of the 50.1X five-year median and a fraction of 106.3X five-year highs. Unprecedented growth has kept valuation multiples muted, with the stock now trading at a 35% premium relative to the S&P 500, down from steep highs of 178% in 2024. Image Source: Zacks Investment Research NVIDIA's NVDA upcoming release will help cap off the Q1 reporting cycle, reflecting the most important release yet to come. Analysts have been bearish concerning the EPS outlook given profitability concerns stemming from tariff talks, but sales expectations have largely remained stable. Investors will, of course, be laser-focused on the Data Center results, which have been the driving force behind the stock's immense success over recent years. The forecasted YoY growth rate for Data Center results does reflect a deceleration from recent periods but otherwise remains robust. The China issue will also be at the forefront, given recent tariff talks, likely the most impactful force concerning the stock's post-earnings movement. However, recent deals with other countries bode well for the tech titan, reflecting its ability to generate avenues of growth amid tighter conditions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Mid East Info
15-05-2025
- Business
- Mid East Info
SDAIA Signs an MoU with AMD to Boost Saudi Arabia`s AI Ecosystem - Middle East Business News and Information
The Saudi Data & AI Authority (SDAIA) signed a Memorandum of Understanding (MoU) yesterday with AMD during the Saudi-US Investment Forum held in Riyadh. The agreement aims to strengthen mutual cooperation between the two parties to foster silicon diversity and innovation in developing Saudi Arabia`s AI ecosystem. The MoU was signed by His Excellency Dr. Abdullah bin Sharaf Alghamdi, President of the Saudi Data & AI Authority (SDAIA), and Dr. Lisa Su, Chair and CEO of AMD. This MoU aims to explore the possibility of establishing AI-focused data centers powered by AMD technologies, contributing to the development of an integrated digital infrastructure that enhances the capabilities of AI and its various applications. The signing took place during the Saudi-US Investment Forum held at the King Abdulaziz International Conference Center in Riyadh. This MoU is part of SDAIA's ongoing national efforts to accelerate the adoption of advanced technologies and leverage international partnerships to build a comprehensive AI ecosystem. These efforts aim to enhance Saudi Arabia`s global competitiveness and reinforce its position as a regional hub for developing and deploying AI solutions across various sectors.
TECHx
15-05-2025
- Business
- TECHx
SDAIA Partners with AMD to Advance AI in Saudi Arabia
Home » Top stories » SDAIA Partners with AMD to Advance AI in Saudi Arabia The Saudi Data & AI Authority (SDAIA) announced the signing of a Memorandum of Understanding (MoU) with AMD. The agreement was revealed during the Saudi-US Investment Forum held in Riyadh. The MoU aims to enhance cooperation between both parties. It focuses on fostering silicon diversity and driving innovation in Saudi Arabia's AI ecosystem. The signing was carried out by His Excellency Dr. Abdullah bin Sharaf Alghamdi, President of SDAIA, and Dr. Lisa Su, Chair and CEO of AMD. According to officials, the MoU explores the potential development of AI-focused data centers in Saudi Arabia. These data centers would be powered by AMD technologies. This initiative is expected to: Strengthen digital infrastructure Support the deployment of AI applications The signing took place at the King Abdulaziz International Conference Center. It was part of the larger Saudi-US Investment Forum held in Riyadh. This move is part of SDAIA's broader national strategy. The authority continues to pursue global partnerships to support the country's digital ambitions. SDAIA reported that such efforts aim to accelerate the adoption of advanced technologies. They also contribute to building a comprehensive AI ecosystem. Officials said this agreement will help position Saudi Arabia as a regional hub for AI innovation. It also supports the Kingdom's goal to boost global competitiveness in AI.
Channel Post MEA
15-05-2025
- Business
- Channel Post MEA
SDAIA Partners With AMD To Boost Saudi Arabia`s AI Ecosystem
The Saudi Data & AI Authority (SDAIA) signed a Memorandum of Understanding (MoU) yesterday with AMD during the Saudi-US Investment Forum held in Riyadh. The agreement aims to strengthen mutual cooperation between the two parties to foster silicon diversity and innovation in developing Saudi Arabia`s AI ecosystem. The MoU was signed by His Excellency Dr. Abdullah bin Sharaf Alghamdi, President of the Saudi Data & AI Authority (SDAIA), and Dr. Lisa Su, Chair and CEO of AMD. This MoU aims to explore the possibility of establishing AI-focused data centers powered by AMD technologies, contributing to the development of an integrated digital infrastructure that enhances the capabilities of AI and its various applications. The signing took place during the Saudi-US Investment Forum held at the King Abdulaziz International Conference Center in Riyadh. This MoU is part of SDAIA's ongoing national efforts to accelerate the adoption of advanced technologies and leverage international partnerships to build a comprehensive AI ecosystem. These efforts aim to enhance Saudi Arabia`s global competitiveness and reinforce its position as a regional hub for developing and deploying AI solutions across various sectors. 0 0
Leaders
14-05-2025
- Business
- Leaders
SDAIA, NVIDIA Explore Partnership Opportunities in Data, AI
The Saudi Data and AI Authority (SDAIA) and NVIDIA have explored ways to strengthen cooperation and develop their strategic partnership across various tech projects, reported the Saudi Press Agency (SPA). On Wednesday, the President of SDAIA, Abdullah bin Sharaf Alghamdi, met with the founder and CEO of NVIDIA, Jensen Huang, and his accompanying delegation in Riyadh. During their meeting, both sides discussed ways to bolster cooperation between SDAIA and NVIDIA. They also explored opportunities for boosting their strategic partnership in existing tech projects, involving capacity building and expertise exchange in the field of data and artificial intelligence (AI) in the light of the accelerating progress in its technologies. معالي رئيس #سدايا يلتقي بالرياض الرئيس التنفيذي لشركة NVIDIA، ويبحثان سبل تعزيز التعاون المشترك في مجال البيانات والذكاء الاصطناعي. — SDAIA (@SDAIA_SA) May 14, 2025 The meeting aligns with SDAIA's relentless efforts to expand its international partnerships with leading tech companies across the world. It also underscores SDAIA's commitment to increase investments in enhancing Saudi Arabia's AI ecosystem, in line with the objectives of Vision 2030 which aims to build an advanced digital economy based on knowledge and innovation and position the Kingdom among the best data and AI-based economies. The meeting came on the sidelines of a landmark visit by the US President, Donald Trump, to Saudi Arabia on May 13-14, 2025. Trump was accompanied by a high-level delegation including CEOs of leading American companies and investors who attended the Saudi-US Investment Forum in Riyadh. The Forum saw the signing of $300 billion deals between Saudi Arabia and the US. Short link : Post Views: 14
