Nvidia

NVIDIA (NVDA) reported fiscal Q4 non-GAAP earnings late Wednesday of $5.16 per diluted share, up from $0.88 a year earlier. Analysts surveyed by Capital IQ expected $4.64. Revenue in the quarter ended Jan. 28 surged to a record $22.1 billion from $6.05 billion a year earlier. Analysts surveyed by Capital IQ expected $20.6 billion. The company said it expects fiscal Q1 revenue of $24 billion, plus or minus 2%. Analysts surveyed by Capital IQ expect $22.03 billion. Shares of the company rose 6% in recent after-hours trading.

Nvidia’s gaming segment gets a power boost. The chip company’s segment reported $2.9 billion in 4Q revenue, flat from the prior quarter and up 56% from a year earlier. CFO Colette Kress says the year-on-year increases for the quarter reflect higher sell-in to partners following the normalization of channel inventory levels and growing demand. She also notes that the launch of certain GPUs also contributed to revenue in the quarter. Shares rise 6.5% to $717.99 in late trading, boosted in part by quarterly sales that tripled from the prior year.

AI stalwart Nvidia Corp. (NASDAQ:NVDA) reported Wednesday after the market close fourth-quarter results and forward guidance that exceeded optimistic forecasts. Nvidia Headline Q4 Metrics: Santa Clara, California-based Nvidia reported fourth-quarter non-GAAP earnings per share of $5.16, which came in ahead of a Street consensus estimate of $4.64 according to data from Benzinga Pro. The company reported fourth-quarter revenue of $22.10 billion which beat a Street estimate of $20.62 billion. Revenue in the fourth quarter was up 22% from the third quarter and up 265% year-over-year. Revenue was the following by sector in the fourth quarter with year-over-year increases. Data Center: $18.4 billion, +409% Gaming: $2.9 billion, +56% Professional Visualization: $463 million, +105% Automotive: $281 million, -4% “Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations,” said Chairman and CEO Jensen Huang, who is dubbed Godfather of AI by Wedbush analyst Daniel Ives. Huang said the company’s

Nvidia’s margins continue to grow as demand for its chips powering the AI boom continues to climb. The chip company logs $22.1 billion in revenue while its gross margin came in at 76% in 4Q. This compares to $6.05 billion in revenue and gross margin of 63.3% a year earlier. CFO Colette Kress says gross margins grew on strong data center revenue growth primarily driven by its Hopper GU computing platform, as well as a benefit from favorable component costs.

Nvidia Started To Ship Alternatives To The China Market In Small Volumes; Has Not Received Licenses To Ship Restricted Chips Such As A800 And H800 To China.

Nvidia CEO Says Cannot Keep Up With Demand In The Short Term As We Ramp.

By Emily Bary ‘Fundamentally, the conditions are excellent for continued growth’ in coming years, CEO says Nvidia Corp. cleared a high bar with its latest earnings Wednesday, sending its stock surging more than 8% in the extended session. The company beat top-line expectations by almost $2 billion for the most recent quarter, while doing the same with its outlook for the current one. Investors, though, have increasingly been focused on Nvidia’s (NVDA) long-term growth potential, and management’s message there also resonated. While acknowledging that Nvidia doesn’t offer guidance beyond the ongoing quarter, Chief Executive Jensen Huang said on the earnings call that “fundamentally, the conditions are excellent for continued growth” over the next two calendar years “and beyond.” The company is benefiting as general computing gives way to accelerated computing, and it’s seeing booming interest in generative artificial intelligence. Those areas have “hit the tipping point,” Huang said in Nvidia’s

Nvidia Corp. (NASDAQ:NVDA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/20/2024 13.79% Cantor Fitzgerald → $775 Reiterates Overweight → Overweight 02/20/2024 61.5% Rosenblatt → $1100 Reiterates Buy → Buy 02/16/2024 23.33% Wells Fargo $675 → $840 Maintains Overweight 02/16/2024 24.8% Oppenheimer $650 → $850 Maintains Outperform 02/16/2024 17.46% Wedbush $600 → $800 Maintains Outperform 02/16/2024 76.19% Loop Capital → $1200 Initiates Coverage On → Buy 02/14/2024 24.8% Susquehanna $625 → $850 Maintains Positive 02/13/2024 21.13% Mizuho $625 → $825 Maintains Buy 02/12/2024 13.79% Cantor Fitzgerald → $775 Reiterates Overweight → Overweight 02/07/2024 10.12% Morgan Stanley $603 → $750 Maintains Overweight 02/05/2024 17.46% Goldman Sachs $625 → $800 Maintains Buy 01/29/2024 13.79% Cantor Fitzgerald → $775 Reiterates Overweight → Overweight 01/23/2024 13.79% Cantor Fitzgerald → $775 Initiates Coverage On → Overweight 01/19/2024 2.77% Raymond James $600 → $700 Maintains Strong Buy 01/18/2024

Telus International’s new artificial intelligence partner might be Nvidia, the designer and manufacturer of computer graphics processors, chipsets, and related multimedia software, says Scotiabank’s Divya Goyal. The analyst says that the stock has been gaining attention after the company reported that its AI data solutions team “is helping with the development of automatic speech recognition for the client’s pre-trained language models.” Goyal says in a report the client in question is likely to be Nvidia, which has been at forefront of the AI revolution. “While the size and scale of TIXT/Nvidia relationship is currently unclear…this could potentially turn out to be a longer term profitable relationship,” Goyal says. Telus International’s shares are up 33% this year.

-5.65% Nvidia (NVDA) has seen its buy rating reiterated by BofA Securities ahead of Wednesday’s results but the investment firm also said that the chipmaker’s recent stock price surge may create a near-term pullback. “We reiterate Buy/top pick ahead of NVDA Feb-21 earnings but won’t be surprised to see a notable but brief pullback after the recent parabolic run-up in the stock,” the note said. BofA said, however, that a pullback could be “short-lived” due to updates expected at the upcoming GPU Tech Conference tradeshow, scheduled for March 18 to 21, as well as Nvidia’s “compelling valuation.” “Expectations have been steadily moving up, with some bullish buy-side estimates for NVDA F4Q/1Q report/guided sales at $21.7bn/$23bn or 9%/7% above consensus, leaving less room for upside surprises,” Bofa said. “However, in our view, any potential mismatch versus bullish expectations is likely supply (memory, packaging) rather than demand or competition related.” Nvidia’s “stock

NVIDIA Corp (NASDAQ:NVDA) could be in for a significant pullback following its upcoming earnings report, according to a Bank of America analyst. What Happened: Bank of America’s Vivek Arya, a research analyst, has highlighted the possibility of a substantial decline in Nvidia’s stock value, reported Business Insider. Arya’s analysis suggests that the chipmaker’s stock could face an 11% implied post-earnings move, based on bullish buy-side estimates for Nvidia’s Q4 earnings, which are 9% above consensus. Arya, however, believes that any potential decline would be temporary, driven by supply-side issues rather than shifts in demand and competition. He also expects the stock’s volatility to settle after Nvidia’s GPU Tech Conference in mid-March.

Nvidia (NASDAQ:NVDA) checks point to significant fiscal fourth-quarter and full-year revenue upside potential fueled by strong demand for artificial intelligence compute capacity, according to UBS. The brokerage increased its price target on the chipmaker to $850 from $580 and reiterated a buy rating on the stock in a research note emailed Tuesday. Nvidia is expected to report results for the fourth quarter of its fiscal 2024 period on Feb. 21. UBS sees Nvidia beating data-center revenue estimates by $2.5 billion to $3 billion. UBS estimates data-center revenue of $19.45 billion, implying sequential growth of 34%. The consensus view is for data-center revenue of $16.77 billion. The brokerage also expects total fourth-quarter revenue of $22.95 billion versus the Street’s $20.23 billion view. “Customer discussions confirm Nvidia’s lead times have come in substantially over the past few months, meaning shipment slots are still available in (the second half of 2024),” analysts Timothy