NVidia Earnings and Revenue Led By Data Center B With Over $1 Billion in Revenue for First Time

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  • #23772
    Super Harley
    Participant

    Graphic Chips maker NVidia reported better than expected…

    [article]2075[/article]

    #23775
    ThePitBoss
    Participant

    [size=5]Analysts Price Targets Raised on NVidia[/size]

    SunTrust Robinson Humphrey reiterated its Buy rating on Nvidia and raised the price target from $327 to $384.

    Wedbush Securities reiterated its Outperform rating on Nvidia and lifted its target from $340 to $420,

    Wells Fargo reiterated its Overweight rating on Nvidia and raised its target to $430 from $360.

    Needham reiterated a Buy rating on Nvidia and raised its price target from $360 to $400.

    #24602
    ThePitBoss
    Participant

    NVIDIA +7% after buying Arm from Softbank for $40B ($21.5 in stock and $12B in cash)

    In a deal that is accretive to non-GAAP gross margins and EPS. NVIDIA was the leader in GPUs in its core gaming market and with machine learning/artificial intelligence in the datacenter. This deal gives the company and even broader reach into mobile and other markets. “Uniting NVIDIA’s AI computing capabilities with the vast ecosystem of Arm’s CPU, we can advance computing from the cloud, smartphones, PCs, self-driving cars and robotics, to edge IoT, and expand AI computing to every corner of the globe.” This deal cements NVIDIA as a chip leader and using its expensive equity to seems like a solid move.

    #24603
    ThePitBoss
    Participant

    Needham raised their target on NVIDIA (NVDA) to a Street-high $700 from $600

    Following NVIDIA’s press conference detailing both the strategic and financial rationale of the Arm acquisition.

    Strategically, they believe the NVDA-Arm combination will create the leading AI computing platform in the semiconductor industry.

    #24604
    ThePitBoss
    Participant

    NVDA Open 531.20 went to high of 531.95 to fall to a low of Low $513.42
    to rest at $516.81 USD +1.92 (0.37%) ahead of apple

    Mkt cap 319.35B
    P/E ratio 94.81

    #25841
    Super Harley
    Participant

    Nvidia Announce Q1 Fiscal 2022 Rev. Tracking Above Outlook

    – Q1 Revenue $5.3 Bln Vs Refinitiv IBES Estimate Of $4.5 Bln
    – Expects Demand To Continue Exceeding Supply For Much Of 2021 $NVDA via
    @LiveSquawk

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