can it beat already sky-high earnings forecasts?

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Eyes On Nvidia News

Nvidia

Results from the world’s biggest technology companies have brought mostly good news. There’s just one missing piece.

world’s biggest technology companies have brought mostly good news. There’s just one missing piece: Nvidia.

That’s well after other releases that have shown profits rising at a healthy clip, demand for AI tools boosting sales for cloud computing services and signs of continued heavy spending on AI gear. “You have massive buyers of chips coming in saying we were already buying a ton, we’re buying even more. The question for Nvidia is: is it enough?” Mike Bailey, director of research at Fulton Breakefield Broenniman, said on Friday.

Rival chip maker AMD tumbled nearly 9% on 1 May despite raising its forecast for AI accelerator sales this year to US$4-billion from $3.5-billion. Super Micro Computer, the server maker whose shares have gained more than 170% this year, dropped 14% after its earnings report that included forecasts for revenue and profits that far exceeded the average of analyst estimates.

 

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