“As Blackwell ramps, we expect gross margins to be in the low seventies.”

In context

“oration DRIVE Hyperion, has passed industry safety assessments by Ryland, two of the industry's foremost authorities, automotive-grade safety and cybersecurity, NVIDIA Corporation is the first AV platform to receive a comprehensive set of third-party assessments. Moving to the rest of the P&L. GAAP gross margins, was 73%. And non-GAAP gross margins were 73.5%. Down sequentially as expected with our first deliveries of the Blackwell architecture. As discussed last quarter, Blackwell is a customizable AI infrastructure with several different types of NVIDIA Corporation build chips. Multiple networking options, and for air and liquid-cooled data center. We exceeded our expectations in Q4, in ramping Blackwell, increasing system availability, providing several configurations to our customers. As Blackwell ramps, we expect gross margins to be in the low seventies. We initially, we are focused on expediting the manufacture as they race to build out Blackwell infrastructure. When fully ramped, we have many opportunities to improve the cost and gross margin. Will improve and return to the mid-seventies. Late this fiscal year. Sequentially, GAAP operating expenses were up 9% and non-GAAP operating expenses were 11%, reflecting higher engineering development costs and higher compute and infrastructure costs for new product introductions. In Q4, we returned $8.1 billion to shareholders, the form of share repurchases cash dividends. Let me turn to the outlook in the first quarter. Total revenue is expected to be $43 billion. Plus or minus 2%. Continuing with its strong demand, we expect a significant ramp of Blackwell in Q1. We expect sequential growth. I”