Nvidia Earnings This Week; Biggest Power Deal in History
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What market conditions are setting the stage for Nvidia’s upcoming earnings?
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This is Bloomberg Tech. Coming up, all eyes on Nvidia this week as investors anxiously await the company's earnings results. Plus, the AI data center boom triggers the largest power deal in history, with NextEra acquiring Dominion Energy for $67 billion. And Elon Musk says he's in Texas working on plans for the SpaceX IPO. The filing could come as soon as this week. But first, we check in on these markets, which again are sinking for a second straight day. The Nasdaq 100 under pressure on Friday. It was around anxiety or underwhelm between the U.S.-China relations. Now it's front and center back on geopolitics and the U.S.-Iran conflict. We're off by five tenths of a percent as oil pushes higher. But we're seeing the semiconductor index once again taking a pull back.
We're down by 2.2 percent. In fact, we've lost about 6 percent on this index in the last two trading days as we saw a significant sell off on Friday. It ramps up into another day. Now, all of this is why we still try to digest the reality of the AI demand and spend. And all eyes are going to be over in Las Vegas on Dell World today. This is as we think about how Dell is putting on its annual conference with developers. And we're trying to understand what new tech, new innovations, what new offerings are on board. But there's a very special conversation to be had a bit later. Ed Ludlow standing by. And look, you're going to be speaking to the men of the moment a little bit later.
Yeah, and there's a lot that needs to be reconciled, right? This is the first time that Jensen Wang will be speaking, having come back from China. And what needs to be reconciled is that in March at NVIDIA's own conference, Jensen Wang said that they were ramping up their supply chain for H200. The US had approved the licenses so they could do business in that market. The president on Friday aboard Air Force One said that he did discuss H-200s with Xi Jinping, but China does not want them. And so now we're in this holding pattern where we need to explain to the market what's going on. Because a big part of the trade Friday and a little bit into this morning's trade has been this idea that nothing concrete came out of President Trump's visit to China with the video kind of at the center of it.
But generally speaking, so many supply chain questions post melt up in the AI infrastructure trade.
Yeah, maybe we take a breather in that melt-up just on the day, Ed, or a second straight day. But meanwhile, the enthusiasm doesn't seem to be particularly being curbed for NVIDIA, if you're looking at some of the analysts' notes today.
Yeah, it's fun to just hit FA Go on the Bloomberg terminal and just go back to basics, right? When they had their print on Wednesday, EPS growth above 80%, top-line growth just below 80%. And what's so fascinating about being here at Dell Technologies World is that If you look back at history of how these companies used to do business, right, NVIDIA never really sort of had Jensen Wong fly around the world and deliver chips directly to the end user. Dell was the kind of key sales channel. And so in the era of more agentic AI, where more enterprises are investing to have the compute capacity they need, It's a really interesting lens. The timing is curious, of course, right? Speaking Monday, NVIDIA reports earnings Wednesday.
But they are very key partners in the state of play for AI servers, what they call AI factory, but data center for running AI workloads.
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Chapters
8 chapters
1
What market conditions are setting the stage for Nvidia’s upcoming earnings?
0:00–6:15
2
How is the AI data‑center boom driving the largest power deal in history?
6:15–12:47
3
Why is Elon Musk’s potential SpaceX IPO generating buzz this week?
12:47–17:45
4
What can investors expect from Mandeep Singh’s deep‑dive on Nvidia’s margins and growth?
17:45–23:50
5
How are utilities and regulators responding to NextEra’s $67 billion Dominion acquisition?
23:50–30:03
6
Why is a futures market for AI compute power being launched by CME and Silicon Data?
30:03–36:36
7
What challenges are Dell and its partners facing when scaling AI‑focused data centers?
36:36–41:30
8
How are hedge funds repositioning around big‑tech and AI after the latest 13F filings?
41:30–46:00
Speakers
15 identifiedMore from Bloomberg Tech
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