In the updated quarterly pre-announcement, however, the company stated its second-quarter revenue is expected to reach only $6.7 billion.įurthermore, analysts on Wall Street aren’t expecting much from Nvidia.
Previously, Nvidia had indicated that revenue for Q2 would be $8.1 billion. Nvidia and a BofA Analyst Aren’t Optimistic 8, Financial Times reported that Nvidia “cut its financial guidance for the three months to July, warning that weaker gaming revenue would hit earnings.” This isn’t shown on Nvidia’s news page, but that’s understandable. Heck, even the company itself is somewhat pessimistic. Find out why Nvidias (NVDA) news sentiment is more negative in relation to stocks in the Technology sector. Shares of several companies in the broader tech space are trading higher amid overall market strength on positive earnings sentiment. NVIDIA Corporation (NASDAQ: NVDA ) shares are trading higher by 6.04 to 167.14 Monday afternoon. Nvidia shares already traded at that price, and if the general sense of pessimism is wrong, a revisit of $300 isn’t out of the question at all. Nvidia stock news, updates & related news. Nancy Pelosi just bought 20,000 shares of Nvidia stock. The stockholders really need to see some share-price movement, and I picked $300 as a realistic target. Besides, the share price sank from $300 at the beginning of 2022 to less than $200 in recent weeks. Track the latest Nvidia stock rating using our unique hedge fund. Sure, Nvidia pays a dividend, but it’s only 0.09% per year. Discover why top hedge funds decreased NVDA holdings by 415.8K shares last quarter. On July 19, shares closed over their 50 day moving average for the first time since dropping under in on April 5, an early technical sign that the nearly 8-month-long trend may be trying to reverse. At their recent low of 140.55 on July 5, the stock had lost nearly 60 of its value. Nvidia’s quarterly release will be high-stakes because NVDA stock holders could really use a boost now. Shares of NVDA hit their peak at 346.30 on November 22, 2021.
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