Nvidia Earnings - Where is the real bar set?
In the lead-up to Nvidia's earnings, the market has put reports of delays to Nvidia’s next-gen Blackwell chip behind it. Blackwell's revenue contribution is not expected to ramp up until later this year.
However, the market is positioned long the stock and the chip maker is again expected to beat expectations this quarter.
Nvidia Q2 2024 expectations
• Revenue: $28.6 billion
• Gross Margins 75.6%
• Earnings per share (EPS): $0.64.
In that context, the “real bar” Nvidia will need to jump is likely nearer to Revenues greater than ~$29.85 billion and EPS of 0.69c.
However, the market is positioned long the stock and the chip maker is again expected to beat expectations this quarter.
Nvidia Q2 2024 expectations
• Revenue: $28.6 billion
• Gross Margins 75.6%
• Earnings per share (EPS): $0.64.
In that context, the “real bar” Nvidia will need to jump is likely nearer to Revenues greater than ~$29.85 billion and EPS of 0.69c.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.