Nvidia CFO Colette Kress said gross margins are expected to be in the "low 70s" as Blackwell production ramps up before improving later in the year.

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Kress said as Nvidia ramps up production of its Blackwell chips, the company will lower its costs and improve its margins, saying it will return to the mid-70% range later in the fiscal year.

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After that, Nvidia CFO Colette Kress said gross margins are expected to improve to the "mid 70s." Nvidia knocked it out of the park with its fourth-quarter earnings report — but its gross margin ...