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

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Business software company Open Text acquires Irish company KineMatikFinancial terms of the deal were not disclosed and Open Text said Wednesday the purchase was not material to its financial results
Source: globeandmail - 🏆 5. / 92 Read more »

Barclays analyst lifts target prices for Canadian bank stocks ahead of earningsBarclays says expectations for Canadian bank stocks are so low that fiscal third\u002Dquarter results may bring some upside surprises. Read on.
Source: financialpost - 🏆 7. / 85 Read more »

Barclays analyst lifts target prices for Canadian bank stocks ahead of earningsBarclays says expectations for Canadian bank stocks are so low that fiscal third\u002Dquarter results may bring some upside surprises. Read on.
Source: fpinvesting - 🏆 43. / 63 Read more »