🔥Stock Prediction: How will Nvidia close Thursday 25/5 following their earnings?
Click to vote. Can you predict where Nvidia will move following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers. $NVIDIA Corp(NVDA)$
$NVIDIA Corp(NVDA)$ will report its Q1 earnings results after the market closes on Wednesday, May 24th. Wall Street analysts are bullish about NVDA stock ahead of the Q1 print reflecting positive momentum in the Data Center and Gaming businesses and its dominant positioning in the AI space. Lets's guess where Nvidia will move following their earnings?
🔙Latest Results
Nvidia reported Q4 net income of $1.41 billion, or 57 cents a share, compared with $3 billion, or $1.18 a share, in the year-ago period. Revenue fell to $6.05 billion from $7.64 billion in the year-ago quarter. The company said it expects fiscal Q1 revenue of $6.5 billion, plus or minus 2%.
📚Nvidia earnings consensus
‘The Street’ expectations for the upcoming results are as follows:
Revenue of $6,514 billion : -21.40% year on year (YoY)
Earnings per share (EPS): $0.92 (-32.35% YoY)
💡 Highlights of this quarter:
The Nvidia share price has recently been boosted by $Alphabet(GOOG)$ ’s AI investments and as the company announced that its A3 supercomputers are in part powered by Nvidia’s H100 GPUs.
This comes after Nvidia earlier this year launched its highly anticipated new RTX 4070 graphics card, its Nvidia GeForce RTX 4090 processor with its RTX Video Super Resolution now being integrated into the latest Chrome and Edge browser updates, all of which has been well received by the financial markets.
For the long run, AI inference is expected to be a major growth driver for Nvidia Corporation. Morgan Stanley estimated that NVDA's annual AI inference revenue could potentially increase 10-fold to $5 billion in the next five years. Its forecasts are aligned with NVDA's comments at the recent March 23 shareholder/analyst conference on March 23 noting that generative AI will drive a "step function increase in the amount of inference workloads."
Nvidia Q1 Earnings Preview: AI Boom May Mask the Slowdown of Chip Industry
Nvidia's Q1 2023 earnings call will be held on May 25 2023 . To set a reminder, please click here
💰Activity Details
Click to vote. Guess where $NVIDIA Corp(NVDA)$ will move following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.
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⏰Event Time
The deadline for this event is 21:00 on 25 May 2023
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How will Nvidia close Thursday 25/5 following their earnings?(Single choice)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.
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🌟🌟🌟I believe that $NVIDIA Corp(NVDA)$
will close flat tomorrow . Its share price has gone up so much in the past year. However Wall Street Analysts are bullish on NVIDIA because of its dominant positioning in the AI arena.
Moreover, analysts expects Nvidia's margins to remain strong, led by strength in the Data Centre segment and higher prices for GPUs.
Nvidia is expected to report earnings of 92 cents per share in Q1 2023, compared to 88 cents per share in Q4 2022. However earnings are likely to decline year over year due to tough year over year comparisons.
Overall I believe that Nvidia will do well in the long term and will be keeping a close watch to buy and hold because of its dominant positioning in the AI space.
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