Here's what you need to know for NVDA earnings on May 22:
NVDA is next. Here's what you need to know for earnings on May 22:
Earnings Report Anticipation: $NVIDIA Corp(NVDA)$ is scheduled to report its earnings on May 22. Early estimates suggest revenues could be $26 billion for the April quarter, higher than the Street's estimate of $25.5 billion. Analysts are revising their estimates upwards as the earnings date approaches.
AI Revenue Growth: AI is expected to constitute a larger portion of $NVIDIA Corp(NVDA)$'s total chip revenue, growing from 5% in 2022 to an estimated 25% by 2027. This growth is driven by significant investments from large tech firms.
Data Center Revenues: A significant portion of the anticipated revenue ($23 billion out of $26 billion) is expected to come from data center revenues.
Stock Performance: $NVIDIA Corp(NVDA)$'s stock has risen approximately 5% in the last month. Post-earnings stock reaction is a critical focus, with historical movements showing significant shifts. Last year, post-earnings movement was around 24%.
Market Positioning: $NVIDIA Corp(NVDA)$ remains a favored company in the AI sector due to its comprehensive control over the AI ecosystem and the upcoming launch of its new Blackwell chip in the second half of the year.
Competitive Landscape: $ARM Holdings Ltd(ARM)$ is reportedly setting up an AI division and plans to launch an AI chip prototype by 2025, potentially putting them in direct competition with $NVIDIA Corp(NVDA)$ and other current ARM customers.
Sector Influence: $NVIDIA Corp(NVDA)$'s earnings report is highly anticipated as a potential catalyst for broader semiconductor sector performance, affecting companies like Broadcom, Cadence Design, and AMD, which have shown stagnant performance in the past 60 days.
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Source:https://x.com/SuperLuckeee/status/1790123169530941705
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