The company’s revenue forecast is $28 billion for the second quarter. They fear the reduction of their clients’ expenses.
The actions of Nvidia they rise slightly this Tuesday. The chipmaker is giving back some gains made after unveiling its next-generation AI hardware, but it remains close to historical highs.
The actions of Nvidia They closed up 4.9% on Monday. The company will complete its planned 10-for-1 stock split next Friday and market euphoria is making itself felt. It should be noted that Nvidia’s stock has accumulated an increase of more than 8% in the last five days, almost 30% in the last 30 and 146% in the last six months.
The actions of Nvidia closed at a new all-time high after CEO Jensen Huang announced plans for the Blackwell Ultra chip in 2025 and a next-generation Rubin platform by 2026 over the weekend. Nvidia’s next-generation hardware is in demand, judging by announcements at the Computex show in Taiwan.
Foxconn, formally known as Hon Hai Precision Industry, said on Tuesday it would build an advanced computing center in Taiwan based on Nvidia’s Blackwell chips. Foxconn is a key supplier to Apple. The center will have a total of 4,608 graphics processing units and is part of the previously announced collaboration between the companies in manufacturing and robotics.
Nvidia: what the market analyzes
“Right now, we’re looking at four to six quarters where we’re still seeing supply not being able to meet demand. Nvidia continues to sell its products at whatever price it wants, and people continue to buy them” wrote Dave Sekera, chief US market strategist at Morningstar, in a research note.
nvidia
Reuters
Nvidia’s $28 billion revenue forecast for the second quarter likely leaves room to beat expectations, which It means that the only danger is if your main customers start to reduce their spending, according to Sekera. Morningstar has a fair value estimate of $1,050 for Nvidia stock.
Source: Ambito
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