Nvidia’s second-quarter earnings next week are hotly anticipated, to say the least. Wedbush analyst Matt Bryson thinks the chip maker will report another set of blowout results, but said the amount of outperformance may not even matter.
“With demand for AI training having lifted substantially in the past quarter and with no other silicon supplier now capable of providing part volumes within an order of magnitude of Nvidia’s output, we believe any unfilled demand will just be pushed into forward quarters fueling future sales and EPS,” he said.
Nvidia has racked up a number of price-target increases from Wall Street in recent days as attention has turned to its earnings. Near-term demand for its chips in the data-center business, as well as a boost in orders from Chinese companies worried about tighter restrictions ahead, have been among the reasons.
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:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Payments company Adyen's shares drop more than 20% after earnings missShares in Dutch payments processor Adyen NV fell by more than 20% on Thursday after first-half earnings missed analysts' estimates and the company's own targets.
Source: Reuters - 🏆 2. / 97 Read more »
4 Stocks That Beat Earnings Expectations by Over 125%Stocks Analysis by Investing.com (Ismael De La Cruz) covering: Intel Corporation, Paramount Global Class B, Qorvo Inc, Constellation Energy Corp. Read Investing.com (Ismael De La Cruz)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »
U.S. stocks mixed after retail earnings, Fed minutes By Investing.comU.S. stocks mixed after retail earnings, Fed minutes
Source: Investingcom - 🏆 450. / 53 Read more »
Walmart lifts full-year earnings and sales guidance By Investing.comWalmart lifts full-year earnings and sales guidance
Source: Investingcom - 🏆 450. / 53 Read more »
Disney, UPS earnings, consumer inflation, Cadillac's new Escalade in week aheadTwo key reports on inflation, the CPI and PPI, are due this week as are a host of quarterly earnings, including Disney, Tyson Foods, Beyond Meat, Rivian and UPS.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Strike Impact Hits Earnings as Executives Size Up War ChestsAs Hollywood discloses quarterly reports for the first time since the dual work stoppage began, the financial hits are coming into focus while companies game out timetables for a deal.
Source: THR - 🏆 411. / 53 Read more »