Nvidia

By Sam Goldfarb Nvidia shares surged again Tuesday, adding to their outsized recent gains on an otherwise lackluster day for stocks. Still riding high after another blockbuster earnings report last week, Nvidia’s stock climbed 7%, bringing its month-to-date gain to 32% and year-to-date gain to 130%. News that Elon Musk’s xAI had raised $6 billion in private financing provided an extra boost to Nvidia shares, highlighting the frenzy of artificial-intelligence investment that has turned the chip maker into a market behemoth. Shares of other chip producers also rose, helping lift the tech-heavy Nasdaq Composite 0.6%. The S&P 500 ticked up less than 0.1% and the Dow Jones Industrial Average dropped 0.6%. Overall, investors are “digesting what was a pretty good earnings season, ” said Ed Clissold, chief U.S. strategist at Ned Davis Research. With most S&P 500 companies having reported their first-quarter results, earnings are on track to climb 6% […]

Nvidia is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. Nvidia reported that sales more than tripled in its latest quarter and gave a sales forecast that signaled the AI boom that lifted the chip maker above a $2 trillion valuation is still going strong. Revenue rose to $26 billion for the quarter, the company said. Net profit was $14.88 billion, up from $2 billion a year before. The sales and profit were ahead of Wall Street estimates in a FactSet survey. The company’s outlook of around $28 billion in sales for its current fiscal quarter was also higher than anticipated. Dow Jones & Co. owns Factiva.

Nvidia (NVDA) is showing “no sign of slowing down” after its Q1 beat with revenue of $26.04 billion compared to Wall Street expectations of $24.59 billion, Morgan Stanley said Thursday in a note. The firm said Nvidia has an upside of $2 billion that is before new product hits the markets in H2. “The $2 billion of upside is coming from product that will be winding down over the next nine months, with a transition to Blackwell which will take us right back into allocation,” Morgan Stanley said. The company continues to be the “clearest way” to get exposure to artificial intelligence “even amid extreme enthusiasm,” the firm said. “With the rally in other compute names with AI exposure, Nvidia actually becomes easier to rationalize.” The firm also said the customer demand and front line sales are more optimistic than what “supply chain or lead time would indicate.” Morgan Stanley

Nvidia (NVDA) likely has the potential to achieve annual earnings in excess of $50 a share within two years amid faster adoption of its recently launched Blackwell platform, BofA Securities said in a note e-mailed Thursday. The chipmaker late Wednesday logged fiscal first-quarter results that topped Wall Street’s estimates as demand for generative artificial intelligence drove record data-center revenue. The next-generation Blackwell AI factory platform, which was launched in March, is in full production, Chief Financial Officer Colette Kress said on an earnings conference call, according to a Capital IQ transcript. “Blackwell is a giant leap with up to 25x lower (total cost of ownership) and energy consumption than Hopper,” Kress told analysts late Wednesday. “Demand for H200 and Blackwell is well ahead of supply, and we expect demand may exceed supply well into next year.” Hopper is Nvidia’s graphics processing unit computing platform used for the training of large

NVIDIA Announces Financial Results for First Quarter Fiscal 2025   — Record quarterly revenue of $26.0 billion, up 18% from Q4 and up 262%      from a year ago   — Record quarterly Data Center revenue of $22.6 billion, up 23% from Q4 and      up 427% from a year ago   — Ten-for-one forward stock split effective June 7, 2024   — Quarterly cash dividend raised 150% to $0.01 per share on a post-split      basis SANTA CLARA, Calif., May 22, 2024 (GLOBE NEWSWIRE) — NVIDIA (NASDAQ: NVDA) today reported revenue for the first quarter ended April 28, 2024, of $26.0 billion, up 18% from the previous quarter and up 262% from a year ago. For the quarter, GAAP earnings per diluted share was $5.98, up 21% from the previous quarter and up 629% from a year ago. Non-GAAP earnings per diluted share was $6.12, up

Nvidia reported that sales more than tripled in its latest quarter, and it gave an outlook that pointed to a growing frenzy for the chips that underpin the artificial-intelligence boom. Revenue rose to $26 billion for the quarter, the company said, a record amount. Net profit was $14.88 billion, up from $2 billion a year before. The sales and profit were ahead of Wall Street estimates in a FactSet survey. The company’s outlook of around $28 billion in sales for its current fiscal quarter was also higher than anticipated — although they are set to only double as the company faces a tougher comparison with quarters after the AI boom began. Nvidia’s stock rose 4.4% in after-hours trading, a record high. Nvidia’s shares have more than tripled in the last 12 months, sending its valuation above $2 trillion. The company said Wednesday that it will split its stock 10-for-1, effective

Nvidia (NVDA) reported fiscal Q1 non-GAAP earnings late Wednesday of $6.12 per diluted share, up from $1.09 a year earlier. Analysts polled by Capital IQ expected $5.58. Revenue for the quarter ended April 28 was $26.04 billion, up from $7.19 billion a year earlier. Analysts surveyed by Capital IQ expected $24.59 billion. The company said it expects Q2 revenue of $28.0 billion, plus or minus 2%. Analysts polled by Capital IQ expect $26.84 billion. The company’s shares were rising past 2% in recent after-hours activity.

NVDA posted Apr-Q EPS of $5.98 vs. $0.82, a $5.64 consensus beat. Sales rose 262% to $26B, better than the $24.7B expectation, due to better-than-expected growth across its data center business ($22.6B above the $21.1B estimate). Within data centers, compute rose 478% and networking increased 242%. NVDA provided its Jul-Q revenue guide of $28B (implies 107% Y/Y growth), better than the $26.8B forecast, and a gross margin view of about 75% for the rest of the calendar year, near our view. Gaming was +18% ($2.6B; meeting our view), Professional Visualization was +45% ($427M; below the $479M consensus), and Autos was +11% ($329M; above the $292M consensus). Separately, NVDA reported a 10-for-1 stock split and hiked its quarterly dividend to $0.10/share from $0.04. We think the healthy beat/guidance points to ongoing momentum for NVDA’s Hopper GPUs, with no air pocket being seen, while Blackwell is likely to sell out well into

The following is a summary of the NVIDIA Corporation (NVDA) Q1 2025 Earnings Call Transcript: Financial Performance: NVIDIA reported Q1 revenue of $26 billion, an increase of 18% sequentially and up 262% year-over-year. The Data Center unit was the strongest performer with revenue of $22.6 billion, up 23% sequentially and 427% year-over-year. The company’s non-GAAP gross margins increased to 78.9%, driven by lower inventory targets. NVIDIA returned $7.8 billion to shareholders in Q1 via share repurchases and cash dividends. NVIDIA is forecasting total revenue of about $28 billion for Q2. Business Progress: NVIDIA sees automotive as a key growth vertical within the Data Center segment, expecting a multibillion-dollar opportunity. The new Spectrum-X Ethernet networking solution and Blackwell platform are now shipping. Growth is expected from Sovereign AI as nations increase domestic computing capacity. The enterprise adoption of AI solutions is increasing, as highlighted by Tesla’s expansion of the NVIDIA AI

By Ben Glickman Nvidia is set to report fiscal first-quarter results after the market closes Wednesday. Here’s what you need to know. PROFIT: The chipmaker is expected to post a profit of $13.15 billion, up from $2.04 billion a year earlier, according to the consensus of 27 analysts polled by FactSet. REVENUE: The Santa Clara, Calif.-based company is seen with revenue of $24.59 billion, up from $7.19 billion a year earlier, according to 44 analysts polled by FactSet. The company previously guided for first-quarter revenue of $24 billion, plus or minus 2%. ADJUSTED EARNINGS: Stripping out certain one-time items, Nvidia is expected to post a per-share profit of $5.60, according to 43 analysts polled by FactSet. Nvidia stock rose over 40% in its fiscal third quarter, and was recently trading around $949.20. WHAT TO WATCH –Nvidia’s revenue has grown at a breakneck pace in the last year, aided by surging

We up our 12-month target to $1,100 from $1,000, on a P/E of 35x our CY 25 EPS view, above peers but below historical given our view of improving FCF (+$55B in FY 25 and +$70B in FY 26). We up our FY 25 (Jan.) EPS estimate to $25.47 from $25.00 and FY 26’s to $31.62 from $31.25. Ahead of Apr-Q results on 5/22, we look for EPS of $5.64 on revenue of $24.6B (+242% Y/Y). We see upside to data center assumptions ($21.1B; up 395% Y/Y and 86% of revenue), driven by higher cloud capex spend and greater enterprise GenAI adoption. We believe NVDA’s content growth story has more room to go driven by ongoing shift toward AI servers, early days for CPU expansion, and addressable market upside tied to new software applications/greater focus on energy efficiency/TCO benefits. Concerns that seem unwarranted include order softness ahead of Blackwell (happens

Nvidia (NVDA) is likely poised for a beat-and-raise heading into its latest financial results amid an “insatiable” appetite for artificial intelligence accelerator among cloud service providers, Oppenheimer said Friday. The semiconductor maker is scheduled to report its fiscal first-quarter results Wednesday. Oppenheimer expects non-GAAP earnings to jump to $5.68 a share from $1.09 a year earlier, with net sales seen surging 248% to $25.06 billion. Analysts polled by Capital IQ are looking for $5.57 and $24.49 billion, respectively. An AI accelerator is a specialized hardware or software component that helps accelerate the performance of AI-based applications. Oppenheimer expects strong performance at the company’s data center business as supply constraints around its flagship H100 graphics processing unit continue to ease. The brokerage expects lead times to be less than 20 weeks, compared with a peak of about 50 weeks a year earlier, allowing Nvidia’s management to better capture demand. “We see