Specialty chip maker Nvidia ( NVDA -2.46% ) just closed out a record year with its fiscal fourth-quarter 2022 revenue showing strength in several of its ...
and NVIDIA Corporation made the list -- but there are 9 other stocks you may be overlooking. Investors today are thinking that the stock's valuation was based on a more optimistic outlook than that, apparently. While its gaming and data center businesses still dominate, professional visualization -- what CEO Jensen Huang refers to as the omniverse -- more than doubled year over year.
Nvidia (NVDA) shares fell Thursday even though the graphics-chip maker posted a beat-and-raise quarterly report. Nvidia stock sank more than 7% on the news.
Nvidia (NVDA) stock is down today and we're diving into why with a breakdown of the most recent news from the graphics card company.
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. You can get up to speed on all of this news by checking out the following links! * So why is NVDA stock dropping today despite these strong results? * That’s looking good next to Wall Street’s estimate of $7.29 billion for the quarter. * Among that is revenue guidance of $8.10 billion with a plus or minus of 2%. * Also, the company brought in revenue of $7.64 billion during the period.
Nvidia Corp. shares finished down Thursday for their worst day in a year even as analysts praised the chip maker's stellar results for the holiday quarter.
Susquehanna’s Rolland said that while gaming was a big driver in Nvidia’s holiday quarter, he expects data center sales to surpass gaming, which has only happened one time before a year and a half ago, calling it “a huge milestone for the company.” With Nvidia’s Kress guiding data-center sales to accelerate like they did in the fourth quarter, a quick calculation shows that if gaming stays on track for 6% sequential growth and data center for 11% growth, both business segments would come in around $3.6 billion for the April-ending quarter. “Data Center is now positioned to become the largest segment for Nvidia in FY23 with momentum still strong and no signs of growth abating – a very important milestone in our view,” Muse said. “Future GPU consumption will be driven by Nvidia’s entrance into new applications and acceleration of new workloads, which is enabled by its ecosystem.” “Despite the Arm deal falling through, we continue to believe that with its ecosystem of software, systems and chips, Nvidia is best positioned to capture 80% of the value of the Parallel Processing Era in the datacenter long term,” Lipacis said. More than once during a conference call with analysts, Nvidia Chief Executive Jensen Huang stressed that the company is a “software-driven” business with such properties as Omniverse and its AI-enabled auto software. For more: Look back at earnings results from Intel as well as AMD Evercore ISI analyst C.J. Muse, who has an outperform rating and a $375 price target, also said he expects data center to become dominant. Data center sales, which are expected to lead growth in the current quarter, came in at $3.26 billion, for a 71% from a year ago, compared with gaming sales of $3.42 billion, up 37% from last year. Susquehanna Financial analyst Christopher Rolland said late Wednesday he was confused by the “muted after-hours reaction” of the stock, when it was down a mere 2%. Rolland, who has a positive rating and a $360 price target, said perhaps investors were being “perhaps driven by less GM expansion and elevated opex,” but also remarked he thought the stock was already trading low compared with the sector. Cowen analyst Matthew Ramsay, who has an outperform rating and a $350 price target, said he believes that Nvidia is even favoring its data center business given demand. "So much more thorough and easier to manipulate than the 'plan' created for me by my advisor. I just change assumptions and make sure I still live longer than my money!" Jefferies analyst Mark Lipacis, who has a buy rating and a $370 price target, said in a note that it’s this ecosystem that drives Nvidia’s moat. Those 67% margins, compared with Intel Corp.’s INTC,
NVIDIA delivered a beauty of a quarter, yet shares pulled back in after-hours trading. Here is why bears will likely be proven wrong about NVDA stock in the ...
I find it unlikely the stock of a company exposed to the right growth trends in the tech sector will fail to, eventually, catch up with all-time highs and climb further from that point. And the growth runway ahead looks promising. Gaming grew 37% YOY, a deceleration from the prior three quarters, and DC revenue growth accelerated to a whopping 71%. Looking forward into fiscal Q1, the management team guided for revenues that beat consensus lavishly: $8.1 billion at the midpoint of the range against consensus of $7.3 billion. While different themes have been playing out across the tech space, NVIDIA seems to benefit from nearly all of them. I believe that the market is underestimating the company’s fundamentals and growth potential, as shares continue to trade more than 20% below all-time highs.
He noted that Nvidia stock has “significantly underperformed” the PHLX Semiconductor index (SOX) since its last result, which he had thought presented a low bar to meet going into earnings. But investors should fear not. There are a lot of reasons to be ...
Nvidia Can’t Catch a Break. Why Its Stock Is Still a Buy. Looking to buy your first home? Cohen, who began her career as an economist at the Federal Reserve Board, joined Goldman Sachs Group in 1990 and was named a partner in 1998. Nvidia Can’t Catch a Break. Why Its Stock Is Still a Buy. This copy is for your personal, non-commercial use only. Nvidia Can’t Catch a Break. Why Its Stock Is Still a Buy.