Latest news with #NVIDIA
Mint
an hour ago
- Business
- Mint
Nvidia share price surges 6% after robust performance in Q1
Nvidia share price jumped as much as 6 per cent in afterhours trading on Wall Street after the IT giant posting record-breaking revenue and data center sales for the first quarter. The IT giant stock climbed to $142.22 apiece on Nasdaq in afterhours trading, against previous close at $135.50. The company posted fiscal first-quarter revenue of $44.06 billion, marking a 69% increase compared to the same period last year and surpassing analysts' forecast of $43.31 billion. Adjusted earnings per share were $0.96, exceeding the expected $0.93. Net income climbed to $18.8 billion, or $0.76 per share, up from $14.9 billion in the previous year. Nvidia's data center unit—which includes its AI chips and networking products—achieved a record $39.1 billion in sales, marking a 73% increase year over year. This segment now contributes a massive 88% of the company's overall revenue. According to CFO Colette Kress, Microsoft alone has already deployed 'tens of thousands' of Nvidia's Blackwell GPUs and is projected to expand that number to 'hundreds of thousands.' For the quarter, GAAP and non-GAAP gross margins were 60.5% and 61.0%, respectively. Excluding the $4.5 billion charge, first quarter non-GAAP gross margin would have been 71.3%. For the quarter, GAAP and non-GAAP earnings per diluted share were $0.76 and $0.81, respectively. Excluding the $4.5 billion charge and related tax impact, first quarter non-GAAP diluted earnings per share would have been $0.96. "Our breakthrough Blackwell NVL72 AI supercomputer — a 'thinking machine' designed for reasoning— is now in full-scale production across system makers and cloud service providers,' said Jensen Huang, founder and CEO of NVIDIA. Huang added, "Global demand for NVIDIA's AI infrastructure is incredibly strong. AI inference token generation has surged tenfold in just one year, and as AI agents become mainstream, the demand for AI computing will accelerate. Countries around the world are recognizing AI as essential infrastructure — just like electricity and the internet — and NVIDIA stands at the center of this profound transformation.' The company also announced a cash dividend of $0.01 per share on July 3, 2025, to all shareholders of record on June 11, 2025. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Bloomberg
2 hours ago
- Business
- Bloomberg
Nvidia's Huang Reacts to US Crackdown on China Visas
00:00 Obviously, I don't know all of his ideas, but let me tell you about two that are incredible. The first one is utterly visionary, the idea of tariffs being a pillar of of a bold vision to re industrialize, to onshore manufacturing and motivate the world to invest in the United States. And it's just an incredible vision. I think this is going to be a transformative idea for the next century for us. We're all in on the idea where we're setting up plants and encouraging our partners from around the world to invest the United States. And we have a lot of stuff going on. And so I'm very excited about that. The second the second major idea is to rescind the air diffusion rule, recognizing that this isn't about limiting American technology, but this is about accelerating American stocks around the world to make sure that before it's too late, that the world builds on on American stocks during this extraordinary time, the era. And so these two these two initiatives are completely visionary and it's going to be transformative for America. JENSEN In the time that you and I have been on air having this conversation, some news is broken from US Secretary of State Rubio, who has said that the US will begin revoking some Chinese student visas. What I wanted to ask you is that with the US government limits on foreign student visas, how does that impact a company like NVIDIA? I think about the size, but also composition of your engineering talent here in California and elsewhere in the United States. I believe the administration still feels very strongly about about the incredible importance of immigration. Look, I'm an immigrant. I know many immigrants that came in can't United States to to build a great life. And many of us many of us have contributed greatly to the technology industry and in the United States. I believe that that's going to have to continue. Remember, remember, you know, people from all over the world want to come to United States. This is such an extraordinary country with such incredible opportunities. We want the brightest to come here. We don't want we don't want others to you know, we don't want everybody to be able to come here. And there should be there should be rules. And and but nonetheless, for the ones that really can make a contribution, we want to make a difference and we want to make it possible for them to come here and and bring their great ideas, bring their great intellect and help us build a great America. And so I think I think the administration is all in on that. And I don't think anything that they've said changes that.
Yahoo
2 hours ago
- Business
- Yahoo
Markets Slide into the Close; NVIDIA, CRM & More Report
Wednesday, May 28, 2025Markets decided to take a bit of a breather today after rebounding to start the holiday-shortened week. Then, after starting to nudge higher within the last hour of trading, all major indexes took a downturn into the close. Expectations over NVIDIA's NVDA Q1 earnings were likely top of mind, and President Trump's warning to U.S. software companies not to sell to China probably didn't help Dow shed -244 points on the day, -0.58%, while the S&P 500 lost a nearly identical -0.56% and the Nasdaq was down -0.51%, or 98 points. The small-cap Russell 2000 slid -1.08% on the session. Only the Nasdaq remains in the green over the past five trading days, and all indexes are up now single-digits over the past month. Only the S&P 500 remains positive year to date after today. The long-awaited Q1 earnings report from semiconductor giant NVIDIA is out this afternoon, and mixed. Revenues stormed ahead to yet another all-time high at $44.1 billion — +69% year over year and +12% quarter over quarter — but earnings of 81 cents per share missed the Zacks consensus by 4 cents. This was due to a $4.5 billion one-time hit on the company's bottom line. But NVIDIA's string of 9-straight quarterly earnings beats is hardly matters. Data Center revenue of $39.1 billion was also a new record high, representing +73% growth year over year. Its Gaming business grew +3.8 billion in the quarter. And the company proudly announces its Blackwell NVL72 'thinking machine' is now in full-scale wasn't all amazing news. Gross margins for the quarter, at +61% still generally impressive, +71% is what analysts had been expecting. And with the new ban on sales to China (assuming Trump holds to his threats over an extended period), NVIDIA said it stands to lose up to $8 billion in revenues. This all said, shares are up over +5%, crossing back into positive territory year to date. The stock has gained +18% over the past year, +1400% over the past five. (You can see the full Zacks Earnings Calendar here.)Salesforce CRM also outperformed estimates on both top and bottom lines in its Q1 report this afternoon, beating on earnings by 4 cents to $2.58 per share on $9.8 billion in revenues, which narrowly outpaced the $9.74 billion expected, +8% year over year. Guidance was also raised for both next quarter and the full year for earnings and sales. Shares are up +1.25% in late trading, but still down double-digits year to HPQ missed expectations in its Q2 release after the closing bell, with 71 cents per share coming up 9 cents short from estimates and -13% year over year. Revenues of $13.2 billion was shy the $13.4 billion analysts had projected, and guidance was ratcheted lower. This marks the fourth-straight quarterly earnings miss for HPQ, and the company guided lower on tariff issues. Shares are -15% in late trading on the news.e.l.f. Beauty ELF posted a strong fiscal Q4 this afternoon, with earnings of 78 cents per share beating the Zacks consensus by a solid nickel on revenues of $332.6 million which surpassed the $326.4 million expected. The beauty supply giant posted gross margins of +71% in the quarter, and the company is buying Hailey Bieber's rhode brand for $1 billion. Shares are up marginally, but still -28% from the start of the AI firm AI, with its extremely forward-thinking ticker symbol, outperformed expectations on top and bottom lines, with a loss per share of -$0.16, four cents better than anticipated, on $108.7 million in sales which beat the Zacks consensus $108.26 million, representing growth of +25% year over year. Non-GAAP gross margins reached +70% on +9% subscription growth. Shares are up +12% in late trading on the or comments about this article and/or author? Click here>> 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 This article originally published on Zacks Investment Research ( Zacks Investment Research Effettua l'accesso per consultare il tuo portafoglio
Yahoo
4 hours ago
- Business
- Yahoo
Retail Roundup: Several Preliminary Earnings Announcements Alongside Macro Uncertainty
Retailers, like much of the broader market, have reported better-than-expected Q1 earnings. Yes, there have been troublemakers like Target (TGT) and America Eagle (NYSE:AEO), but Walmart (WMT), TJX Companies (TJX), and Home Depot (HD) didn't point to an immediate severe consumer-spending slowdown. What's more, the April Retail Sales report, while slightly below estimates, showed there remains a gap between what folks say and what they do.[1] There's even M&A activity within the retail space that offers hope for a strong second half of trade policy trends improve. Warning! GuruFocus has detected 4 Warning Signs with BBWI. As it stands, now is a critical time for consumer companies as they load up ahead of the back-to-school season and put in orders for the winter holidays. Q2 could also be retail's first negative year-on-year earnings change since the throes of the pandemic, due in part to potential tariff impairments. To be clear, there is not much clarity. The balance of the year is clouded with uncertainty on the trade front, with tax policy, and whether the labor market will hold up as US real GDP growth likely eases. Our team caught those vibes when scanning earnings datanot the top- and bottom-line numbers themselves, but via a slew of preliminary earnings announcements among well-known retail firms. For background, earnings pre-announcements may offer clues on future company trends. A news release ahead of a scheduled quarterly announcement might feature updated guidance, while a soft forecast and a lowered expected sales or profit range could be seen as a red flag. Preliminary earnings make the full report, often issued weeks later, all the more pivotal. This week, along with NVIDIA's (NASDAQ:NVDA) Q1 release Wednesday night, investors will hear from a handful of small companies within the Consumer Discretionary sector that have preannounced, mainly calling out softer trends or more subdued forecasts in light of myriad macro and firm-specific factors. It's not all dour news, though. Source: Wall Street Horizon Dick's Sporting Goods (NYSE:DKS) checked into the Q1 reporting game with solid numbers to begin 2025. On May 15, the $14 billion market cap omnichannel sporting goods retailer issued preliminary Q1 results that featured impressive comp-store sales growth of 4.5% on earnings per diluted share of $3.24. Lauren Hobart, President and Chief Executive Officer, said, "We are very pleased with our strong start to the year and our demonstrated sustained growth.[2] Shares backpedaled, however, as investors punted on the news that DKS would acquire Foot Locker (FL) for $2.4 billion. FL soared more than 80% in response, but DKS dropped 15%. Dick's full Q1 report hits the tape Wednesday morning with a conference call immediately after. All eyes are on NVIDIA Wednesday night, but Thursday's earnings docket includes retail companies that previously signaled numbers to the street. Let's profile three of them. Bath & Body Works () On May 19, the Ohio-based retailer put out a press release confirming Daniel Heaf will take over as CEO as Gina Bowell steps down.[3] Sometimes, when a new CEO assumes the helm, a so-called kitchen-sink quarterly report might come out with struggling companies. Of course, we don't know if such a tape bomb is imminent. BBWI is already down 36% over the last year, but Piper Sandler, Morgan Stanley, and Citigroup have all published upbeat research on the company. Investors haven't sniffed out a BBWI turnaround yet. We'll see what this week's full Q1 report includes, but the pre-announcement noted Q1 sales at the high end of the guidance range, while assuming a 10% tariff on goods imported from China. Kohl's () On May 1, Kohl's announced it was terminating its CEO Ashley Buchanan with cause. The embattled Broadline Retail company, now valued at less than $1 billion in equity market cap, named Michael Bender as interim CEO. An outside investigation had revealed that the disgraced CEO violated company policies by directing the Company to engage in vendor transactions that involved undisclosed conflicts of interest.[4] Shares actually rose the day the news broke, but KSS has been a kiss of death for the bulls, with the stock down from above $80 in 2018 to below $8 today. Recall in March that Kohl's planned 27 additional store closures as part of a turnaround planwe may hear updates about that on Thursday. Within the preliminary, the management team cited a 4% to 4.3% expected comp-store sales drop year-on-year, with diluted EPS in the range of ($0.24) to ($0.20). American Eagle Outfitters () You won't find exceptionalism at American Eagle today. The stock is off by more than 50% over the past 12 months, and while names like The Gap (GAP) and Urban Outfitters (URBN) have soared, AEO has been a stylish the short sellers. On May 13, the Pittsburgh-based Apparel Retail industry company issued preliminary earnings that included a large inventory write-down to better align with demand trends. Q1 revenue is expected to be approximately $1.1 billion, which would be about -5% from a year ago. Management expects a GAAP operating loss near -$85 million.[5] Shares dropped 6% in the session that followed, but AEO ended off the lows. Now under $11, it's near a multi-year low ahead of the full Q1 report Thursday night. American Eagle (along with Ross Stores (ROST) and Deckers Outdoor (DECK)) also withdrew its FY 2025 guidance due to macro uncertainty. Beyond earnings news, we'll get key inflation data this Friday. According to Wall Street Horizon data, the April Personal Consumption Expenditure (PCE) Price Index crosses the wires before the bell on the 30th, along with last month's Personal Income and Outlays data. Next week's macro calendar is active, with key Purchasing Manufacturing Index (PMI) figures from the Institute for Supply Management (ISM), and the May nonfarm payrolls survey Friday morning. Also keep your eye out for volatility in the crypto marketVice President Vance is set to speak at Bitcoin 2025 in Las Vegas on Wednesday just as the token notches new all-time highs. Tariffs, uncertainty, and unknowns about the consumer best describe Q1 retail reports and preliminary announcements this month. Still, the hard numbers have generally exceeded analysts' expectations, and major indexes have recovered sharply from the April lows. This week's slate of Q1 reports should offer further insights into the health of the consumer, and important macro updates will help paint the true picture as we head into the first half's close. 1 Advance Monthly Sales for Retail and Food Services, United States Census, May 15, 2025, DICK'S Sporting Goods Reports Preliminary Results for First Quarter of 2025; Reports Comparable Sales Growth of 4.5%, Dicks, May 15, 2025, Bath & Body Works Appoints Daniel Heaf as Chief Executive Officer, Bath & Body Works, Inc., May 19 2025, Kohl's Announces CEO Transition Process, Kohls, May 1, 2025, AEO Inc. Reports Preliminary First Quarter Results, American Eagle Outfitters, Inc., May 13, 2025, Copyright 2025 Wall Street Horizon, Inc. All rights reserved. Do not copy, distribute, sell or modify this document without Wall Street Horizon's prior written consent. This information is provided for information purposes only. Neither TMX Group Limited nor any of its affiliated companies guarantees the completeness of the information contained in this publication, and we are not responsible for any errors or omissions in or your use of, or reliance on, the information. This publication is not intended to provide legal, accounting, tax, investment, financial or other advice and should not be relied upon for such advice. The information provided is not an invitation to purchase securities, including any listed on Toronto Stock Exchange and/or TSX Venture Exchange. TMX Group and its affiliated companies do not endorse or recommend any securities referenced in this publication. This publication shall not constitute an offer to sell or the solicitation of an offer to buy, nor may there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. TMX, the TMX design, TMX Group, Toronto Stock Exchange, TSX, and TSX Venture Exchange are the trademarks of TSX Inc. and are used under license. Wall Street Horizon is the trademark of Wall Street Horizon, Inc. All other trademarks used in this publication are the property of their respective owners. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
4 hours ago
- Business
- CNBC
CNBC Transcript: NVIDIA Founder, President & CEO Jensen Huang Speaks with CNBC's Jim Cramer on 'Mad Money' Today
WHEN: Today, Wednesday, May 28, 2025 WHERE: CNBC's "Mad Money" Following is the unofficial transcript of a CNBC interview with NVIDIA Founder, President & CEO Jensen Huang on CNBC's "Mad Money" (M-F, 6PM-7PM ET) today, Wednesday, May 28. Following is a link to video on All references must be sourced to CNBC. JIM CRAMER: Tonight, we got the single most important quarter of this entire earnings season when NVIDIA reported. There was a lot of hand-wringing about this one as usual, but NVIDIA delivered a huge set of numbers, including a sizable top and bottom line beat, healthy revenue guidance for the current quarter, even after taking an $8 billion sales hit on those export controls that prevent him from doing lots of business in China. So, how did they pull it off? Let's go straight to the source with the man I call the modern-day Leonardo da Vinci, Jensen Huang, the co-founder, president and CEO of NVIDIA. Well, Jensen, welcome back to "Mad Money." JENSEN HUANG: Hey, Jim. It's great to be here. CRAMER: Alright, so let's go to -- it's a remarkable quarter in every single way, but you do say, I'm going to go right there, that China is positioned to lead globally and you do not think that, unless you can sell to China, you can necessarily lead with them. And I look at this market and I'm saying there's $50 billion up for grab. I actually think it could literally be all yours if there weren't export controls. Am I wrong? And how much of that money would flow back to the United States if you could do the sales? HUANG: NVIDIA's market share in China was about 95 percent four years ago. It's about 50 percent today because of the limitations on the products that we sell. $50 billion a year market today, it's growing, just like AI is growing everywhere. Over the course of the next, this four years, the president's administration, we're probably talking about a few hundred billion dollars worth of revenues to NVIDIA, probably tens of billions of dollars of taxes, revenues to the country, thousands of jobs, incredible, incredible opportunity. But more, strategically, more importantly, this is very important. CRAMER: Okay. HUANG: First of all, the China market is, of course, very large, but it's also the home of 50 percent of the world's AI researchers. The platform that succeeds is the platform with the most developers. Just like iPhone is successful because of lots of developers, Windows is successful because of lots of developers, all these platforms succeed because there are a lot of developers. China is home to 50 percent of the AI researchers in the world. And so we want the world to build on American technology stack. We want every developer in the world to prefer the American technology stacks. Once that happens, the developers develop on American technology stacks, American technology stacks will run AI the best all over the world. And so this is, that's probably the most important strategic reason to be in China, because there are so many developers there and because the world is going to adopt technology from one country or another. And we prefer it to be the American technology stack. CRAMER: Well, you know the president has a plan. You say that. He has a vision, and you trust him. You say that. I have to believe that you think that he has to see, either see the light, or he has, and that things that look so dire right now in China may not be as dire, and there could be even as soon as next quarter more business being done than we thought after tonight. HUANG: It's hard to tell. But the most important thing is this, Jim. Our president wants America to win. And he also recognizes that this is an important market. It's a very large market. And the revenues that it could generate for the United States is significant. It's just incredible, $50 billion this year. Look, we're talking about the size of a Boeing, not a Boeing plane, Boeing the company. This is an enormous market. And so I think the opportunity left behind is quite substantial. This is also an excellent way to improve our trade deficit. CRAMER: It would also seem to me that there must be some people who think that they can militarize our, your chips. I can't imagine a scenario where they would decide, you know what, we're going to use NVIDIA chips in our aircraft carriers. We would put them in our submarines. Wouldn't that be foolhardy? We would never use Huawei chips in our missiles. HUANG: That's exactly right. They have plenty of chips themselves. Obviously, we're losing market share to chips that are built locally. China is an extraordinary manufacturing capability. And they are doubling the number of chips that they're building every single year. The technology that's being offered by Huawei is extraordinary. This is an extraordinary technology company. And so we have plenty of competition there. Chinese government has plenty of choices with indigenous technology, which is their preference. So I think that the idea that any -- anyhow, go ahead. CRAMER: But isn't it true that the president has helped you immeasurably, the huge business that you're doing in the Gulf states? When you see him, he obviously is, in many ways, NVIDIA's number one salesperson. Is it asking too much to be able to say, and not only that, Mr. President, I also want you to open China? HUANG: Well, we're going to keep our dialogue going with the administration. And I believe that what we're explaining is ground truth. And we understand the technology best, and we understand how computing works. We understand how AI works, and we have been in China for 30 years. And so this is an area that we have a lot of expertise, and we're going to continue to share that. But let me tell you this, Jim. Listen, the president laid out a bold vision for the United States, for America to reindustrialize, to onshore manufacturing, so that we can have a more resilient supply chain, so that we can create jobs locally, very importantly, so that we become great at manufacturing again, at a time when manufacturing isn't about labor, but it's about, labor only, but it's about technology. And so that vision is incredible. This is going to be, this initiative by the president is likely going to set the United States up for a century, for this century to come. CRAMER: Okay. HUANG: This is going to be a very big deal. CRAMER: Well, let's— HUANG: I also think that he, when he rescinded the AI diffusion rule, it was a visionary move, it was a bold move, and he recognizes that there's an AI race, and we're not alone. And he wants America to win. And so it's not about AI diffusion limitation. It's about AI diffusion maximizing American technology. CRAMER: Okay, so let's— HUANG: And so he sees that. Yes. CRAMER: Okay. so let's talk about the Blackwell ramp, which was amazing, and, of course, we're going to have Ultra, which is incredible, and the demand. Is the demand as, when I saw you the last few times, it sounds like you're running out of superlatives, but demand seems even stronger than GTC. It's even stronger than COMPUTEX. HUANG: The demand keeps growing because there's just more companies. Number one, inference has taken off. That is number one. Inference has taken off. This reasoning AI capability is genuinely a breakthrough. It is now so popular, solving so many problems. And the amount of computation necessary for reasoning, for thinking is 100 times, 1,000 times more than a couple of years ago, when ChatGPT was a one-shot answer AI. And so now these reasoning AIs requires a lot of thinking, a lot of compute. The demand is just incredible. CRAMER: Now, you're telling me even since GTC? HUANG: In the meanwhile, of course, we're getting more customers. Oh, yes, much— CRAMER: But even since GTC, you just increased it. It was 100 times at GTC. Now it's possibly even 1,000? HUANG: Yes. CRAMER: How is this possible, Jensen? And what, why are there still people who are holding back and not seeing what you're doing? We will all have robots. We will all have free, we will have hands-free driving. All of this is going to come about much faster than people realize because of what you're working on. HUANG: It's completely true. It's completely, robotics is definitely within the next three to four, five years. The technology works today. It's starting to work very well today. Now, within -- once a technology becomes realized, becomes possible, it's only a couple of two, three ticks for an engineer to crank it and turn it into something that could be really scaled out in volume. And so self-driving cars are here. That, we know. Robotics is going to be right around the corner, robotics factories being built around the world. Yes, this is the next great growth opportunity. CRAMER: Alright, so let's talk software. I don't think enough is talked about software. I don't think -- we're not talking about Omniverse enough. And we're not talking about the idea that we're not -- you're just not selling these devices. You're selling a full platform that's not duplicatable, which is why you're so far ahead of everybody else. It's not just about the hardware. HUANG: We used to be a chip company, and then we became a systems company. And, Jim, now, we're an entire infrastructure company. If you take a look at what we build, it's an entire factory. And you can't just load up a factory with chips. You have got computing systems. You have got networking systems and switches. But what you have mostly is a mountain of software to get it all to run. When you have got a $50 billion infrastructure, the software necessary to keep it humming and to make it, make the utilization and the efficiency and its throughput as high as possible, that piece of software is invaluable. If the utilization was 10 percent off, that's worth $5 billion. And so this is a very big deal now. Software is just a giant part of our business. CRAMER: Okay, how about what, we have to talk about society. And when I hear what you can do, when I hear what the robots can do, when I know what Boston Dynamics, 1X, when I see what these companies can do, I wonder, is the CEO of Anthropic going to be right when he talks about a bloodbath of white-collar workers, unemployment spiking 10 to 20 percent, mass elimination of jobs? Or isn't your vision that productivity, like whether it be the loom, whether it be the canal, whether it be the steam engine, these were all generators of jobs, not retractors of jobs? HUANG: It's a generator of jobs. There are surely different views. Let me give you this view. CRAMER: Okay. HUANG: The, there's a labor shortage between now and the end of the decade that's measured in some 30, 40, 50 million short. If you just translate 50 million people short in labor force and translate that to GDP growth, it's extraordinary. It's approximately about the size of the United States. And so the ability for us to expand what is today a limited and short labor shortage, we around the world should be able to expand our GDP. And that's our future, to be able to turn these agents, which are essentially work force robots, information robots, and human robots, physical robots, to expand the world's GDP. CRAMER: Alright, one last question from me. I want to be sure that we have a smooth transition to the next iteration, to Ultra, and then even to Rubin. How are we feeling? Because I know that there was a glitch. I got a little too aggressive in thinking everything would be smooth. I got ahead. I don't want to get ahead of myself this time. We looking good? HUANG: Well, first of all, Jim, remember, we made last quarter. We made the quarter before that. So it was not easy. It was not easy. And let me tell you why it wasn't easy. In the case of Grace Blackwell, because of this thinking machine we wanted to create, this reasoning AI factory we wanted to create, we changed the architecture of these AI supercomputers. CRAMER: Right. HUANG: The architecture is completely different. And it's extraordinarily complex. And so, anyways, now the entire supply chain, not only that. We enabled a very, very large supply chain to be able to build these things, every ODM, every OEM, CSPs, they have now got it up and running. CRAMER: Okay. HUANG: Now, here's the really great thing. Ultra is exactly the same architecture, exactly the same chassis. And so we will just slip it right in and keep running. CRAMER: Alright, we're going to leave it there. I wish you the best of luck. Congratulations on an amazing quarter. And let's see if the president's plan includes opening China back for you. Thank you so much, Jensen Huang. HUANG: Thank you, Jim. CRAMER: Absolutely, president, founder, CEO of— HUANG: Off to the races. CRAMER: Alright, NVIDIA. Thank you so much for coming on the show. Appreciate it. HUANG: Thank you, Jim. Good to see you.
