Investors from around the world are focusing their attention on Nvidia’s results presentation, including local investors who have a position through the Cedears listed on the Buenos Aires market.
The presentation of results of Nvidia This Wednesday gave an earnings forecast that missed expectations, leading to a more than 4% drop in after-market trading. This happened despite second-quarter revenues coming in better than analysts had projected.
As to Third quarter estimates will be around US$32.5 billionthe company announced on Wednesday. And while analysts had predicted an average of US$31.9 billionsome estimates reached as high as US$37.9 billion, Bloomberg reported today.
In the second quarter of 2024, revenue was $30 billion (up 15% from the previous quarter and 122% from last year). Data center revenue was $26.3 billion (up 16% from the previous quarter and 154% from last year).
Nvidia: how the market analyzed the latest financial report
“Regarding the second quarter results presented this afternoon, NVDA met expectations, achieving revenues of around $30 billion, above the $28.86 billion expected by consensus.and achieving an EPS (earnings per share) of 68 cents per share (vs. 64 cents per share expected),” they said from Aurum Values.
And they analyzed: “These results, in conjunction with revenue prospects of $32.5 billion for the next quarter, would not have been enough for the market.with which NVDA recorded a fall in its share price of around 4% in the after market.”
“Almost US$30 billion in revenue with a result that grows 251% YoY. It is the undisputed market leader in chip design and software, and will focus on data centers for AI. I didn’t see anything wrong. But we know that Mr. Market is always right. Although price/value is wrong,” the analyst posted. Gustavo Neffain your X account.
For its part, from IOL investedonline They added: “Nvidia’s presentation comes at a time of Much uncertainty in the market after the events of the last few weeks that triggered volatilityFor this reason, and Because of Nvidia’s tendency to give extraordinary presentations, perhaps too much expectation was generated in this regard.. Overall, Nvidia presented a solid balance sheet, although the fall in gross margin and the delay from Blackwell are causing some concern, so the market seems to have been left wanting more.
What Nvidia’s CEO said
“Demand for Hopper remains strong and anticipation for Blackwell is incredible,” said Jensen Huang, founder and CEO of NVIDIA, today. “NVIDIA achieved record revenue as global data centers are in full swing to modernize the entire computing stack with accelerated computing and generative AI.”
Source: Ambito
