Nvidia earnings: analysts maintain bullish view even as guidance disappoints

) even after some projections from the chipmaker missed expectations, with sustained demand from artificial intelligence and a robust line of products expected to underpin earnings.

The firm also confirmed that it was facing some difficulties with its Blackwell line of advanced AI chips, although they were still set for launch by the fourth quarter. Truist hiked its PT on the stock to $148 from $145, and maintained a Buy rating on Nvidia, recommending that investors “look through the fog.” The brokerage also called the selldown in Nvidia shares unwarranted.Jefferies said that expectations for Nvidia’s earnings had risen sharply going into the results, and that demand for Nvidia’s current line of top-end AI chips, Hopper, remained strong.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The next big market catalyst after Nvidia: September Fed decisionA September rate cut could boost the S&P 500's return by more than 5% in the next six months, Barclays said.
Source: CNBC - 🏆 12. / 72 Read more »

With everyone focusing on Nvidia, JPMorgan likes this other chip stock reporting earnings this weekJPMorgan reiterated its overweight rating on Marvell Technology ahead of the company's earnings announcement Thursday after the bell.
Source: CNBC - 🏆 12. / 72 Read more »