Citi Out First to Recap NVIDIA (NVDA) Earnings

NVIDIA (NVDA) PT Raised to $1,100 at Argus

May 23, 2024 7:26 AM UTC

Argus analyst Jim Kelleher raised the price target on NVIDIA (NASDAQ: NVDA) to $1,100.00 (from $950.00) while maintaining a Buy rating.

The analyst comments "Reaffirming BUY and raising target price to $1,100. Nvidia meaningfully exceeded aggressive consensus estimates for fiscal 1Q25, with revenue blowing by the... More

NVIDIA (NVDA) PT Raised to $1,400 at Cantor Fitzgerald

May 23, 2024 6:37 AM UTC

Cantor Fitzgerald analyst C.J. Muse raised the price target on NVIDIA (NASDAQ: NVDA) to $1,400.00 (from $1,200.00) while maintaining a Overweight rating.

The analyst comments "The midnight train of NVIDIA continues to execute to perfection and unlike that small town girl and city boy, Jensen knows exactly where he is going. The next industrial revolution has begun with companies and countries partnering with NVDA to accelerate compute in AI factories and deliver Artificial Intelligence. And aided by a world-class technology platform approach enabled by both hardware and software, coupled with annual cadence of technological improvements... More

HSBC Reiterates Buy Rating on NVIDIA (NVDA)

May 23, 2024 6:09 AM UTC

HSBC analyst Frank Lee reiterated a Buy rating and $1,350.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "NVIDIA's 1Q25 (Jan YE) sales of USD26bn beat consensus of USD24.7bn but were in-line with our estimate of USD26bn, along with... More

NVIDIA (NVDA) PT Raised to $1,200 at UBS

May 23, 2024 5:37 AM UTC

UBS analyst Timothy Arcuri raised the price target on NVIDIA (NASDAQ: NVDA) to $1,200.00 (from $1,150.00) while maintaining a Buy rating.

The analyst comments "Results + guidance were well ahead of Street but were both as we previewed and met investor bogeys. More than the numbers though, several other factors skew the debate in a positive direction. 1) mgmt is subtly extending revenue visibility farther into the future with commentary that demand... More

NVIDIA (NVDA) PT Raised to $1,250 at Wolfe Research

May 23, 2024 5:29 AM UTC

Wolfe Research analyst Chris Caso raised the price target on NVIDIA (NASDAQ: NVDA) to $1,250.00 (from $1,200.00) while maintaining a Outperform rating.

The analyst comments "NVDAs report came in as we had expected, a strong report with ~5% upside to JulQ revenue guidance vs.... More

NVIDIA (NVDA) PT Raised to $1,320 at BofA Securities

May 23, 2024 5:20 AM UTC

BofA Securities analyst Vivek Arya raised the price target on NVIDIA (NASDAQ: NVDA) to $1,320.00 (from $1,100.00) while maintaining a Buy rating.

The analyst comments "Reiterate Buy, top sector pick on NVDAs unparalleled combination of: 1) turnkey system design that we think can sustain 80%+... More

NVIDIA (NVDA) PT Raised to $1,000 at Deutsche Bank

May 23, 2024 5:12 AM UTC

Deutsche Bank analyst Ross Seymore raised the price target on NVIDIA (NASDAQ: NVDA) to $1,000.00 (from $850.00) while maintaining a Hold rating.

The analyst comments "One year after one of the most stunning beats/raises in market history, NVDA delivered another now-trademark multi-billion... More

NVIDIA (NVDA) PT Raised to $900 at DA Davidson

May 23, 2024 5:10 AM UTC

DA Davidson analyst Gil Luria raised the price target on NVIDIA (NASDAQ: NVDA) to $900.00 (from $620.00) while maintaining a Neutral rating.

The analyst comments "NVIDIA reported strong 1Q25 earnings exceeding expectations across the board. We continue to believe that this year NVIDIA will... More

NVIDIA (NVDA) jumps above $1000 following earnings

May 22, 2024 5:17 PM UTC

NVIDIA (NASDAQ: NVDA) jumps above $1000 after hours following earnings:

The AI giant reported Q1 EPS of $6.12, $0.53 better than the analyst estimate of $5.59. Revenue for the quarter came in at $26.04 billion versus the consensus estimate of $24.65 billion.NVIDIA sees Q2 2025 revenue of $28... More

Market Intelligence Analyst Adam Crisafulli of Vital Knowledge Reacts to NVIDIA (NVDA) Earnings: 'dividend is so low it’s a wonder why they pay one at all'

May 22, 2024 4:58 PM UTC

Respected Analyst Adam Crisafulli of Vital Knowledge Reacts to NVIDIA (NASDAQ: NVDA) Earnings.

The analyst comments "NVDA (Nvidia) reported upside in FQ1, including sales +262% Y/Y to $26B (vs. the Street $24.69B) and EPS +461% Y/Y to 6.12 (vs. the Street 5.65). The critical Data Center unit saw sales surge 427% Y/Y to $22.6B (about $1.5B above the Streets $21.1B forecast). Within Data Center, Compute spiked 478% to $19.39B while Networking rose 242% to $3.1B. Strong sequential Data Center growth was driven by all customer types, led by Enterprise and Consumer Internet companies. Large cloud... More

NVIDIA (NVDA) Raises Quarterly Dividend 150% to $0.10; 0% Yield

May 22, 2024 4:41 PM UTC

NVIDIA (NASDAQ: NVDA) declared a quarterly dividend of $0.10 per share, or $0.4 annualized. This is a 150% increase from the prior dividend of $0.04.

The dividend will be payable on June 28, 2024, to stockholders of record on June 11, 2024, with an ex-dividend date of June 10,... More

NVIDIA (NVDA) announces a ten-for-one forward stock split

May 22, 2024 4:23 PM UTC

NVIDIA also announced a ten-for-one forward stock split of NVIDIAs issued common stock to make stock ownership more accessible to employees and investors. The split will be effected through an amendment to NVIDIAs Restated Certificate of Incorporation, which will result in a proportionate increase in the number of... More

NVIDIA (NVDA) Tops Q1 EPS by 53c; offers outlook

May 22, 2024 4:20 PM UTC

(Updated - May 22, 2024 4:28 PM EDT)

NVIDIA (NASDAQ: NVDA) reported Q1 EPS of $6.12, $0.53 better than the analyst estimate of $5.59. Revenue for the quarter came in at $26.04 billion versus the consensus estimate of $24.65 billion.

GUIDANCE:

NVIDIA sees Q2 2025 revenue of $28... More

NVIDIA (NVDA) May weekly option implied volatility into quarter results

May 22, 2024 3:38 PM UTC

NVIDIA (NASDAQ: NVDA) May weekly call option implied volatility is at 139, June is at 53; compared to its 52-week range of 32 to 68 into the expected release of quarter results today after the bell.

... More

NVIDIA (NVDA) call put ratio 1.5 calls to 1 put into quarter results

May 22, 2024 10:42 AM UTC

NVIDIA (NASDAQ: NVDA) May weekly call option implied volatility is at 134, June is at 54; compared to its 52-week range of 32 to 68 into the expected release of quarter results today after the bell.

... More

Lynx Equity Strategies sees signs of Nvidia GPU shortages turning into surplus

May 22, 2024 9:56 AM UTC

In a note to clients Wednesday, Lynx Equity Strategies raised concerns about a potential shift in Nvidia's (NASDAQ: NVDA) GPU market dynamics from shortages to surpluses.

As TSMC aggressively expands its CoWoS capacity, the rapid increase in GPU supply has prompted Lynx to question when current constraints might turn into an excess.

The firm notes that... More

Midday movers: Target, Lululemon and ViaSat fall; TJX rises

May 22, 2024 8:07 AM UTC

(Updated - May 22, 2024 11:58 AM EDT)

Investing.com -- U.S. stock futures were mixed Wednesday, ahead of the release of the keenly-awaited minutes from the last Federal Reserve policy meeting and results from AI bellwether Nvidia.

re are some of the biggest U.S. stock movers today:

Target (NYSE: TGT) stock fell 7% after the retailer forecast current-quarter comparable sales and profit largely below expectations... More

NVDA earnings preview: More of the same?

May 22, 2024 7:00 AM UTC

Nvidia (NASDAQ: NVDA) is due to unveil its financial results for the fiscal Q1 2025 following the closing bell on Wednesday, with investors keen to learn about any updates on the companys data center segment and its recently announced Blackwell platform.

Per consensus estimates, Nvidias revenue for the quarter is expected to come in at $24.74 billion, a jump from the previous quarter and more than triple the amount from the same period last year.

Net income is expected to reach $12.91 billion, up from the final quarter of fiscal 2024 and significantly higher... More

Stocks fall after Fed minutes; Nvidia shares climb after the bell

May 22, 2024 6:09 AM UTC

By Chuck Mikolajczak

NEW YORK (Reuters) -U.S. stocks fell on Wednesday as investors digested minutes of the Federal Reserve's most recent meeting but Nvidia's shares rose about 6% after the close on the semiconductor bellwether's stronger-than-expected revenue forecast.

The news also drove gains in other chipmakers.

Investors had focused on whether Nvidia's first-quarter results could meet sky-high expectations and whether the outsized rally in artificial intelligence-related stocks could be sustained.

Nvidia shares, which had closed weaker, have surged about 90% this year after rocketing almost 240% in 2023.

"The markets are just waiting for Nvidia... More

NVIDIA (NVDA) May weekly 955 straddle priced into release of quarter results today after the bell

May 22, 2024 5:13 AM UTC

NVIDIA (NASDAQ: NVDA) May weekly 955 straddle priced for a move of 8% into the expected release of quarter results today after the bell.

... More

Asian stocks rangebound with Fed minutes, Nvidia earnings in focus

May 22, 2024 5:10 AM UTC

Investing.com-- Most Asian stocks moved in a flat-to-low range on Wednesday as investors awaited more cues on U.S. interest rates from the minutes of the Federal Reserves recent meeting.

Cooling optimism over China dented sentiment towards regional markets, while investors were also wary of technology stocks before key earnings from market darling NVIDIA Corporation (NASDAQ: NVDA). 

Wall Street indexes saw a mildly positive session on Tuesday, providing middling cues to Asian markets as a string of Fed officials cautioned that sticky... More

Nvidia earnings, Fed minutes, UK inflation - what's moving markets

May 22, 2024 5:08 AM UTC

Investing.com -- Earnings from tech giant Nvidia are in the spotlight Wednesday, as investors look to see whether the stock's elevated valuation can be justified The minutes from the last Federal Reserve meeting also loom large, while U.K. inflation fell by less than was expected in April. 

1. Nvidia earnings in spotlight

The days highlight is the long-awaited earnings report from semiconductor bellwether Nvidia (NASDAQ: NVDA) after the close Wednesday, with these numbers widely seen as a barometer for the burgeoning artificial... More

NVIDIA (NVDA) PT Raised to $1,100 at CFRA

May 21, 2024 11:51 AM UTC

CFRA analyst Angelo Zino raised the price target on NVIDIA (NASDAQ: NVDA) to $1,100.00 (from $1,000.00) while maintaining a Buy rating.

The analyst comments "We up our 12-month target to $1,100 from $1,000, on a P/E of 35x our CY 25 EPS view, above peers but below... More

NVIDIA (NVDA) call put ratio 1.6 calls to 1 put into quarter results

May 21, 2024 10:22 AM UTC

NVIDIA (NASDAQ: NVDA) May weekly call option implied volatility is at 117, June is at 54; compared to its 52-week range of 32 to 68 into the expected release of quarter results after the bell on May 22.

... More

MS 'surprised' AI stocks are not pricing in potential Chinese invasion of Taiwan

May 21, 2024 9:45 AM UTC

Morgan Stanley's US strategists highlighted a potential risk factor for chip stocks that have been riding high on the artificial intelligence (AI) wave. The strategist pointed out that these stocks might need to account for a risk premium due to the possibility of a Chinese invasion of Taiwan.

The strategists expressed surprise that, despite the geopolitical risks, there has been... More

Amazon says it has not halted any Nvidia chip orders

May 21, 2024 9:42 AM UTC

By Stephen Nellis

(Reuters) -Amazon.com's cloud services unit said on Tuesday that it has not halted any orders of Nvidia's most advanced chip on the market, but has instead decided to purchase the company's newer state of the art chip for an upcoming supercomputer project between the companies.

Earlier, the Financial Times had reported that Amazon Web Services (AWS),... More

Amazon (AMZN) Halts Orders Of Nvidia (NVDA) 'Superchip' To Await Updated Model - FT

May 21, 2024 9:17 AM UTC

(Updated - May 21, 2024 9:21 AM EDT)

(Updated - May 21, 2024 9:18 AM EDT)

Amazon (AMZN) Halts Orders Of Nvidia (NVDA) 'Superchip' To Await Updated Model - FT

Delay from the worlds biggest cloud computing provider gives investors jitters over potential air pocket in demand for AI... More

Midday movers: Microsoft, Xpeng rise; Palo Alto, Keysight fall

May 21, 2024 7:53 AM UTC

(Updated - May 21, 2024 11:56 AM EDT)

Investing.com -- Main U.S. indexes traded largely flat Tuesday, as investors reacted with caution ahead of more speeches from Federal Reserve officials about the potential for future interest rate cuts.

Here are some of the biggest U.S. stock movers today:

Lowes (NYSE: LOW) stock fell 3% despite the home improvement retailer reporting first-quarter net sales that topped expectations, boosted by growth in its online offerings... More

Nvidia options underpricing rising earnings fragility

May 21, 2024 7:33 AM UTC

In a note to clients Tuesday, Bank of America highlighted a potential undervaluation in Nvidia (NASDAQ: NVDA) options pricing despite rising concerns about earnings fragility in the broader big-cap tech sector.

... More

Asian stocks retreat as China rally cools, Hong Kong slammed by tech rout

May 21, 2024 6:08 AM UTC

Investing.com-- Most Asian stocks fell slightly on Tuesday as a stimulus-driven rally in Chinese markets ran dry, while concerns over high for longer interest rates also chipped away at sentiment. 

Hong Kongs Hang Seng index was the worst performer for the day, battered by a rout in electric vehicle and technology stocks. 

Broader regional technology stocks also stalled as investors grew uncertain ahead of closely-watched earnings from artificial intelligence darling NVIDIA Corporation (NASDAQ: NVDA), due this Wednesday. 

Wall Street indexes... More

Futures muted, Palo Alto Networks' billings forecast - what's moving markets

May 21, 2024 5:24 AM UTC

Investing.com -- U.S. futures tread water as markets gear up for much-anticipated earnings from Nvidia (NASDAQ: NVDA) this week and assess fresh interest rate commentary from Federal Reserve policymakers. Shares in Palo Alto Networks slip in extended hours trading after the cybersecurity group's fourth-quarter billings forecast fails to impress analysts. Samsung Electronics (KS:005930) shakes up the leadership of its semiconductor division in a bid to keep pace in the race to roll out AI-specialized chips.

1. Futures tread water

U.S. futures hovered around the flatline on Tuesday,... More

MS: The next move in tech hangs on NVDA - what are the bull and bear scenarios?

May 21, 2024 5:23 AM UTC

Nvidia (NASDAQ: NVDA) is due to report its fiscal Q1 2025 earnings following the closing bell on Wednesday, with investors largely expecting yet another strong display from the AI chip titan.

However, the more earnings continue to soar, the more investor concerns are mounting. Specifically, the ongoing unprecedented AI rally, now facing a $2.3 trillion test, has led many to question when AI earnings might level off.

According to Morgan Stanley analysts, determining where Nvidias earnings might peak remains a challenging task. However, with hyperscalers... More

NVIDIA (NVDA) May weekly 950 straddle into quarter results

May 21, 2024 5:17 AM UTC

NVIDIA (NASDAQ: NVDA) May weekly 950 straddle priced for a move of 8% into the expected release of quarter results after the bell on May 22.

... More

NVIDIA (NVDA) MS: The next move in tech hangs on NVDA - what are the bull and bear scenarios?

May 21, 2024 5:08 AM UTC

Nvidia (NASDAQ: NVDA) is due to report its fiscal Q1 2025 earnings following the closing bell on Wednesday, with investors largely expecting yet another strong display from the AI chip titan.

However, the more earnings continue to soar, the more investor concerns are mounting. Specifically, the ongoing unprecedented AI rally, now facing a $2.3 trillion test, has led many to question when AI earnings might level off.

According to Morgan Stanley analysts, determining where Nvidias earnings might peak remains a challenging task. However, with hyperscalers discussing increased... More

Stocks expected to have increasing option volume: AZO TOL M XPEV NVDA PDD SNOW

May 21, 2024 4:37 AM UTC

Stocks expected to have increasing option volume: LOW AZO TOL M XPEV NVDA PDD SNOW

... More

Nvidia earnings could spark $200 billion swing in shares, options show

May 21, 2024 1:02 AM UTC

By Saqib Iqbal Ahmed

NEW YORK (Reuters) - Traders are pricing in a big move for Nvidias shares after the chipmaker reports earnings on Wednesday, though expectations for volatility are more muted than in the past, U.S. options markets show.

Nvidia's options are primed for an 8.7% swing in either direction by Friday, according to data from options analytics firm Trade Alert. That would translate to a market cap swing of $200 billion - larger than the market capitalization for about 90% of S&P 500 companies.

While massive by most measures, that implied move would fall far... More

Bank of America explains why it’s not just about Nvidia anymore

May 20, 2024 2:58 PM UTC

It's not just about NVDA anymore, according to analysts at Bank of America on Monday, with the firm stating that... More

NVIDIA (NVDA) May weekly option implied volatility intoquarter results

May 20, 2024 10:35 AM UTC

NVIDIA (NASDAQ: NVDA) May weekly call option implied volatility is at 107, June is at 55; compared to its 52-week range of 32 to 68 into the expected release of quarter results after the bell on May 22.

... More

Dow Jones, Nasdaq, S&P 500 weekly preview: It's the Nvidia earnings week

May 20, 2024 8:32 AM UTC

The Dow Jones Industrial Average (DJIA) closed above the key 40,000 level for the first time in history on Friday, rising 134.21 points, or 0.34%, to 40,003.59, after hitting an intraday high in the previous session.

The S&P 500 inched up 6.17 points, or 0.12%, to 5,303.27, while the Nasdaq Composite ended down 12.35 points, or 0.07%, at 16,685.97.

The week ended strong with the Dow up 1.2%, marking its fifth straight weekly gain. The S&P 500 and Nasdaq climbed 1.5% and 2.1% week-to-date, achieving their longest winning streak since February.

This weekly ascent propelled the three indexes into positive territory for the second... More

Midday movers: Nvidia, Micron and Wix rise; Li Auto falls

May 20, 2024 7:41 AM UTC

(Updated - May 20, 2024 11:33 AM EDT)

Investing.com -- Main U.S. indexes traded higher Monday, retaining a degree of optimism at the start of a new week that offers more clues as to the likely future direction of U.S. monetary policy.

Here are some of the biggest U.S. stock movers today:

JPMorgan Chase (NYSE: JPM) stock fell 0.5% despite the investment bank raising its forecast for net interest income, or the difference between what it makes on loans and pays out on deposits, to $91 billion,... More

Several Wall Street brokers raise price targets on Nvidia stock into earnings

May 20, 2024 6:59 AM UTC

Ahead of Nvidia (NASDAQ: NVDA)'s earnings release on Wednesday, May 22, analysts at Barclays, Baird and Stifel raised their price target for the stock. 

In a note Monday, Barclays maintained a Neutral rating on Nvidia but increased its target for the company's shares to $1,100 from $850, stating that all signs point to another revision... More

Rosenblatt Previews NVIDIA (NVDA) Earnings

May 20, 2024 6:46 AM UTC

Rosenblatt analyst Hans Mosesmann reiterated a Buy rating and $1,400.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "We expect NVIDIA to beat and raise in the April quarter, albeit not reaching the levels of the January quarter, due to improved supply and anticipated year-over-year deceleration from tougher comparisons. We believe that NVIDIA is still facing shortages of CoWoS and HBM, although the shortage of CoWoS is... More

NVIDIA (NVDA) PT Raised to $1,085 at Stifel ahead of Q1 report

May 20, 2024 5:58 AM UTC

(Updated - May 20, 2024 5:58 AM EDT)

Stifel analyst Ruben Roy raised the price target on NVIDIA (NASDAQ: NVDA) to $1,085.00 (from $910.00) while maintaining a Buy rating.

The analyst commented: "Nvidia reports its F1Q25 results after market on Wednesday, 5/22. Once again, a... More

NVIDIA (NVDA) PT Raised to $1,200 at Baird

May 20, 2024 5:24 AM UTC

Baird analyst Tristan Gerra raised the price target on NVIDIA (NASDAQ: NVDA) to $1,200.00 (from $1,050.00) while maintaining a Outperform rating.

The analyst comments "Raising estimates/price target on continued strength in AI-related demand for Nvidia. There is no match to Nvidia's products offering... More

The 'Magnificent 7' term needs to be retired after Q1 earnings: Goldman Sachs

May 20, 2024 5:22 AM UTC

Goldman Sachs has observed a significant shift among the top technology companies, often dubbed the "Magnificent 7," following their first-quarter results.

Collectively, Apple Inc (NASDAQ: AAPL)., Amazon.com Inc (NASDAQ: AMZN)., Alphabet (NASDAQ: GOOGL) Inc., Meta Platforms Inc (NASDAQ: META)., Microsoft... More

US futures drift higher as more earnings, economic cues loom

May 20, 2024 5:21 AM UTC

Investing.com-- U.S. stock index futures rose slightly in evening deals on Sunday after a series of record highs on Wall Street, with sentiment remaining cautiously optimistic ahead of more cues on interest rates and earnings this week. 

S&P 500 Futures rose 0.1% to 5,334.25 points, while Nasdaq 100 Futures rose 0.1% to 18,661.50 points by 19:23 ET (23:23 GMT). Dow Jones Futures rose 0.1% to 40,179.0 points. 

More Fed cues, PMI data on tap this week 

Focus this week is squarely on more cues from the Federal Reserve on the path of interest rates, with the... More

Asian stocks rise on China stimulus cheer, tech strength

May 20, 2024 5:20 AM UTC

Investing.com-- Most Asian stocks rose on Monday as markets welcomed stimulus measures in China, while technology-heavy indexes also advanced as investors bought into the sector ahead of key earnings this week.

Most regional markets were sitting on gains from last week as some soft U.S. inflation readings ramped up hopes that the Federal Reserve will cut interest rates this year. Wall Street hit record highs last week, with U.S. stock index futures rising further in Asian trade on Monday. 

Focus this week is also on more cues from... More