• Like
  • Comment
  • Favorite

BUZZ-PREVIEW: Nvidia shares ease; results due after the bell

Reuters11-21

BUZZ-PREVIEW: Nvidia shares ease; results due after the bell

** Shares of Nvidia NVDA.O down 1.4% in afternoon trading ahead of the key AI chipmaker's quarterly results due after the closing bell

** Analysts expect the co to report a rise in quarterly rev to $33.16 bln vs $18.12 bln in the yr-ago qtr, and EPS of 75c/shr vs 40c a yr ago, according to LSEG

** The sales growth could be the slowest growth for the co in six quarters

** "We think the greater mix of H200 revenue drove Oct-Q growth, but all eyes will be on the Blackwell launch," according to CFRA Research, referring to the co's new Blackwell chip

** The co has beaten analysts' rev expectations in all of the past eight reporting periods, per LSEG

** NVDA's median PT is $165.00, based on LSEG, and the stock was last at $144.96

** Analyst recommendations on the stock include 57 "strong buy" or "buy" ratings, six "hold" ratings and no "sell" or "strong sell" ratings, based on LSEG data

** Nvidia options imply an 8.2% swing for the shares, on Thurs, according to options analytics service ORATS; that's in line with the 8.3% avg move the stock has logged on the day after results over the 12 qtrs

** Including the session move, the stock is up 193% for the YTD compared with a roughly 15% gain in the Dow Jones industrial average .DJI in that period

(Reporting by Caroline Valetkevitch; additional reporting by Saqib Iqbal Ahmed)

((caroline.valetkevitch@thomsonreuters.com))

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.

Report

Comment

empty
No comments yet
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial