Technology

NVIDIA (NASDAQ:NVDA) Q4 2023 EPS $0.88 Beats $0.81 Estimate, Sales $6.05B Beat $6.01B Estimate

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NVIDIA (NASDAQ:NVDA) reported quarterly earnings of $0.88 per share which beat the analyst consensus estimate of $0.81 by 8.64 percent. This is a 33.33 percent decrease over earnings of $1.32 per share from the same period last year. The company reported quarterly sales of $6.05 billion which beat the analyst consensus estimate of $6.01 billion by 0.67 percent. This is a 20.84 percent decrease over sales of $7.64 billion the same period last year.

NVIDIA (NASDAQ:NVDA) Q4 2023 EPS $0.88 Beats $0.81 Estimate, Sales $6.05B Beat $6.01B Estimate Read Post »

Nvidia (NASDAQ:NVDA) had revenue of $6.05 billion in Q4 2023, versus analyst expectations of $6.02 billion

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Nvidia (NASDAQ:NVDA) had revenue of $6.05 billion in the fourth quarter of 2023, versus analyst expectations of $6.02 billion. Data center revenue for the fourth quarter of 2023 was $3.62 billion versus an expected $3.86 billion. Game revenue for the fourth quarter of 2023 was $1.83 billion, versus $1.60 billion. Revenue for the first quarter of 2024 is expected to be plus or minus 2% to $6.50 billion.

Nvidia (NASDAQ:NVDA) had revenue of $6.05 billion in Q4 2023, versus analyst expectations of $6.02 billion Read Post »

Meta Platforms (NASDAQ:META) is planning a new round of layoffs that could affect thousands of employees

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Facebook parent company Meta Platforms (NASDAQ:META) is preparing for a new round of layoffs, commissioning human resources, lawyers, financial experts and executives to develop plans to shrink the company’s hierarchy, a restructuring and layoffs that could affect thousands of employees. According to a person familiar with the matter, who spoke on condition of anonymity, Meta plans to push some leaders to lower-level positions without direct reporting, flattening the hierarchy of management between Meta CEO Zuckerberg and the company’s interns. As teams grow in size, other managers may end up managing more employees. Some within Meta expect that those employees who are switched jobs will eventually quit, resulting in a reduction in the company’s headcount. (Washington Post)

Meta Platforms (NASDAQ:META) is planning a new round of layoffs that could affect thousands of employees Read Post »

Bank of America Securities: Meta Platforms (NASDAQ:META) is on track to gain 12 million paid verified users

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Meta Platforms announced last weekend the launch of Meta Verified, a paid certified subscription service on Instagram and Facebook, for $11.99 per month. Research released Tuesday by Bank of America Securities reported that the new subscription service could gain nearly 12 million subscribers by 2024. Analysts believe Meta’s subscription service is meant to cater to celebrities and creators, not consumers. Analysts noted that considering the pricing of the newly launched subscription service, Meta could generate high-margin revenue of $1.7 billion in 2024. In addition, given a wider audience and more revenue opportunities for creators, analysts believe Meta is likely to outperform its peers in terms of subscribers as a percentage of users.

Bank of America Securities: Meta Platforms (NASDAQ:META) is on track to gain 12 million paid verified users Read Post »

Stifel: Raised Applied Materials (NASDAQ:AMAT) price target to $140 from $132 with maintaining Buy rating

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Stifel analyst Brian Chin raised its price target on Applied Materials (NASDAQ:AMAT) to $140 from $132 and maintained a buy rating after the company reported fiscal first-quarter earnings slightly above expectations, though a “surprising update” was that the company’s inventories were growing again month-over-month. Analysts believe that the company’s exposure to lagging WFE technology is significantly higher than average, which neither the company nor the industry has noticed, meaning that “the largest semiconductor company is expected to easily outperform the entire industry this year.”

Stifel: Raised Applied Materials (NASDAQ:AMAT) price target to $140 from $132 with maintaining Buy rating Read Post »

CEO of Qualcomm (NASDAQ:QCOM): Intelligent connected edge market has huge potential

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Qualcomm (NASDAQ:QCOM) President and CEO Amon said that the intelligent connected edge market has great potential. Over the next decade, the addressable market value is expected to increase sevenfold to $700 billion. From smartphones and wearables to tablets, PCs and extended reality (XR) terminals, from edge networks and automotive to industrial IoT for a wide range of use cases, Qualcomm is at the center of the vast opportunities presented by the intelligent connected edge.

CEO of Qualcomm (NASDAQ:QCOM): Intelligent connected edge market has huge potential Read Post »

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