Nvidia Corp.'s financial chief did not appear concerned that some have called for a drying up data-center sales growth as she reasoned that the efficiencies...
Nvidia Corp.’s financial chief reasons that the efficiencies businesses need are not from spending less money but from spending more on technologies like artificial intelligence, even as chip sales dry up.
In that vein, Kress made the pitch that tightening the belt was not always the best way to save money, seeing that the recent jump in interest in ChatGPT taxed many public servers’ capacity. “Despite record-high sales in 2022, the global semiconductor market cooled considerably during the second half of the year, and that trend continued during the first month of 2023,” said John Neuffer, SIA president and CEO. “Despite the current short-term cyclical downturn, the long-term outlook for the semiconductor market remains strong due to the ever-increasing role of chips in powering the critical technologies of today and tomorrow.
For AMD, “the server story is working, though PC weakness is weighing, and margins may face headwinds,” and Intel’s “long-term structural issues have finally broken to the forefront,” Rasgon wrote. Citi Research analyst Christopher Danely wrote in a note last week that “half” of the chip glut — PCs and wireless — has been worked through, evidenced by the massive inventory charges taken by chip makers like Intel Corp. INTC , Advanced Micro Devices Inc. AMD , and Nvidia, and Qualcomm Inc. QCOM in recent earnings reports. Qualcomm’s forecast predicted that inventory issues would persist into June.
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