“Hopper demand will continue through next year, surely the first several quarters of the next year.”

Why this grade

Management originally committed to Hopper demand persisting through the first several quarters of the following year, but by the later call described the Hopper-to-Blackwell transition as nearly complete, meaning Hopper demand ended materially earlier than the committed timeframe.

Deviation basis: not applicable; this is a shift in timing of a demand horizon, not a quantity that a percentage can fairly describe

In context

“you can sort of shape that for us. Thanks. Jensen Huang: Colette, why don't you start? Colette Kress: Sure. Let me first start with your question, Tim. Thank you regarding our gross margins, and we discussed our gross margins as we are ramping Blackwell in the very beginning and the many different configurations, the many different chips that we are bringing to market, we are going to focus on making sure we have the best experience for our customers as they stand that up. We will start growing into our gross margins, but we do believe those will be in the low 70s in that first part of the ramp. So you're correct, as you look at the quarters following after that, we will start increasing our gross margins and we hope to get to the mid-70s quite quickly as part of that ramp. Jensen Huang: Hopper demand will continue through next year, surely the first several quarters of the next year. And meanwhile, we will ship more Blackwells next quarter than this. And we'll ship more Blackwells the quarter after that than our first quarter. And so that kind of puts it in perspective. We are really at the beginnings of two fundamental shifts in computing that is really quite significant. The first is moving from coding that runs on CPUs to machine learning that creates neural networks that runs on GPUs. And that fundamental shift from coding to machine learning is widespread at this point. There are no companies who are not going to do machine learning. And so machine learning is also what enables generative AI. And so on the one hand, the first thing that's happening is a trillion dollars’ worth of computing systems and data centers around the world is now being modernized for mach”