Nvidia Eases AI Jitters as Capital Keeps Coming
Chip-maker’s bonanza revenue forecast steadies investor nerves
Welcome to Going Private, I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at why one BlackRock CLO waived some fees in October, the increasing appeal of NAV loans to annuity providers and Fortress’ bet on rising European real estate loan impairments. But first, we look at the fresh burst of optimism in AI investment. If you’re not already on our list, sign up here. Have feedback? Email us at goingprivate@bloomberg.net
It’s been a reassuring few days for private lenders and investors in the thick of the artificial intelligence super-cycle, after bumper forecasts from Nvidia muffled talk of an imminent AI apocalypse.
The world’s most valuable chip-maker said it was expecting sales of about $65 billion in the January quarter — roughly $3 billion more than analysts predicted — and dropped hints that it may exceed the half-trillion-dollar revenue pot expected in coming quarters.