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NVIDIA Corporation (NVDA) Management Presents at Morgan Stanley 2020 Cloud Secular Winners Virtual Conference (Transcript)

Jun. 01, 2020 6:23 PM ETNVIDIA Corporation (NVDA) Stock1 Comment
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NVIDIA Corporation (NASDAQ:NVDA) Morgan Stanley 2020 Cloud Secular Winners Virtual Conference Call June 1, 2020 12:00 PM ET

Company Participants

Colette Kress - CFO

Conference Call Participants

Joseph Moore - Morgan Stanley

Joseph Moore

Okay. Welcome back everyone. This is Joe Moore from Morgan Stanley and I'm very happy to have Colette Kress, the Chief Financial Officer of NVIDIA. Before we start, I just quickly need to read a disclosure. For important disclosures, please see the Morgan Stanley Research disclosure website at www.morganstanley.com/researchdisclosures.

Please note that this call is for Morgan Stanley institutional clients and financial advisors only. This call is not for members of the press. If you are a member of the press, please disconnect and reach out separately. Comments made on this call are not for attribution by members of the press. Please note also this call is not for individual wealth management clients. If you have questions, please reach out to your Morgan Stanley financial advisor for more information.

So, Colette, thank you very much for joining us today. We're really excited to have you.

Maybe we could just start out, COVID has presented some unique challenges in the environment for all of your customers and suppliers. You guys have navigated it pretty well. Can you just start with maybe how you guys have navigated this so well? And how you guys are managing disruptions in the supply chain and the health of your employees and things like that?

Question-and-Answer Session

A - Colette Kress

Sure. Thanks so much for the question. We just released our results for our Q1 results last week, and we had provided overall Q2 guidance. Certainly, COVID-19 was included in our Q1 results. When we announced our guidance for Q1 back in February, I think probably one of the things that in looking back was helpful for us

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Comments (1)

grxbstrd profile picture

GPU in the data center: "we are the platform that is probably the most agnostic to any platform that is out there . . . any CPU, any other types of components in the data center, as well as any other type of software"

re cloud home grown asics: "you've seen the 3,000x improvement in terms of model size, as well as complexity of AI, having that flexibility with our platform really enables us. So, if our overall hyperscales or other partners look for a need that they see a workload that may need a specific ASIC, that may work for a time period, but we just don't think it really applies to the broad market that is out there that really needs the flexibility as things are moving so fast."
IOW, let them experiment, we keep raising the bar and enable workloads that will break their asics. [and soon enought, they'll just give up]

"when you think about A100; we're in the early stages of a multiyear ramp. The demand is strong for A100."

"Mellanox was doing quite well in this last year. . . we're really pleased to bring them on part of our overall business and will be incorporated into our data center business.

"[Gaming] demand is solid based on what we've seen . . . our console business with Nintendo is doing quite well."

"all of the great publishers around the world have jumped on ray tracing"

"Q2 - our guidance [is] for 66%. . . we can achieve overall higher gross margins"

"we probably are seeing something more in the two years out term before we get to solid amount of production of autonomous vehicles in market"
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