NVIDIA Corp 2024/Q2 Earnings Preview
【Forecast Data】
The financial forecast data for NVIDIA this quarter is as follows:
- Earnings per share (EPS): $2.07
- Total revenue: $11,174,157,700
- EBIT: $5,892,015,520
Comparing to the same period last year:
- EPS increased by 305.88% (from $0.51)
- Total revenue increased by 66.67% (from $6,704,000,000)
- EBIT increased by 344.96% (from $1,325,000,000)
These significant increases indicate a strong growth in the company's financial performance compared to the same period last year.
【Quarterly Important News】
Key news related to NVIDIA over the past quarter includes:
1. NVIDIA's H100 graphics card has an astonishing profit margin of 1000% for each unit sold, highlighting the company's strong position in the AI market.
2. NVIDIA is working with Intel as a strategic partner, testing Intel's AI computing chips in their data centers.
These news items show NVIDIA's strong presence in the AI market and potential for further growth through strategic partnerships.
【Forecast Viewpoints】
Current viewpoints on NVIDIA's financial report from relevant articles include:
1. [Nvidia Q2 Forecast: Does it determine US bear or bull market?](https://ttm.financial/TW/209936975720496)
2. [Nvidia's Earnings Can Impress Again. This Analyst Is 'Extremely Bullish.'](https://ttm.financial/NW/2360834545)
3. [5 big analyst AI moves: Nvidia numbers raised into earnings, Adobe 'ahead of the curve' with AI](https://ttm.financial/NW/2360307652)
4. [Nvidia: Buying Starts Ahead Of Earnings (Technical Analysis Update)](https://ttm.financial/NW/2360318812)
5. [Nvidia's Earnings Will Be the AI Hype Cycle’s Biggest Test](https://ttm.financial/NW/2359384983)
【Stock Trend Analysis】
Over the past quarter, NVIDIA's stock price has increased by 68.47%. The latest stock price is $432.99 (as of 2023-08-20), with support and resistance levels at $434.46 and $387.46, respectively. Analyst rankings show 15 recommendations, 29 buys, 6 holds, and 1 underperform. The mean, low, and high target estimates from 42 analysts are $515.86, $368.21, and $800.00.
【Options Large Order Analysis】
From the perspective of options large orders, there are more call options (bullish) than put options (bearish), indicating a higher probability of the financial report exceeding expectations.
【Analyst Ratings and Target Price Forecast】
Based on analyst ratings and target prices, NVIDIA's current valuation status is overvalued. The possible results of the financial report may lead to adjustments in the stock price.
【Comprehensive Conclusion】
NVIDIA has shown strong growth in its financial performance compared to the same period last year. The company's presence in the AI market and strategic partnerships indicate potential for further growth. The stock trend analysis and options large order analysis suggest a bullish outlook, but the current valuation status is overvalued. Investors should monitor the financial report and market reactions to make informed decisions.
【Disclaimer】
The above content is generated by the AI robot TigerGPT and does not represent any personal views. The content is for reference only and does not constitute any investment advice.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
