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Nvidia earnings: Company is 'defying all odds': Analyst

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Nvidia reported another blockbuster earnings report. The company's second quarter results handily beat analyst estimates on both the top and bottom lines, while also providing third quarter revenue guidance that was above expectations. Synovus Trust Senior Portfolio Manager Daniel Morgan says the company is 'defying all odds' and is 'definitely the poster child for AI right now.' As for what Nvidia's results say for the chip sector as a whole, Morgan tells Yahoo Finance Live, that Nvidia will 'lift the whole group.'

report. The company's second quarter results handily beat analyst estimates on both the top and bottom lines, while also providing third quarter revenue guidance that was above expectations. Synovus Trust Senior Portfolio Manager Daniel Morgan says the company is"defying all odds" and is"definitely the poster child for AI right now.

Nvidia's third quarter revenue outlook was also far better than expected. The company also authorized a $25 billion share buyback.  CFRA Research Senior Equity Analyst Angelo Zino joined Yahoo Finance Live to discuss the results. Zino says the guidance was "fantastic" and that "it's absolutely astonishing how quickly the revenue trajectory of this company has grown over the last two to three quarters.

 

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