'Mad Money' host Jim Cramer looks at Nvidia results and what they say about the trajectory of the stock.
Nvidia's Stock Was Down Despite Its Amazing Earnings. Here's What History Says Is Coming Next
Nvidia's (NVDA) third-quarter results beat expectations on the top and bottom lines, yet investors seemed unenthusiastic, given the increasingly high expectations for the artificial intelligence (AI) chipmaker. NFJ Investment Group managing director and portfolio manager Burns McKinney joins Wealth!
Nvidia Corporation's quarterly net income surged to $19.3 billion, representing an impressive 55% of revenue, up from $9.2 billion and 50.8% last year. Nvidia's profitability outshines other tech giants like Microsoft (37.6%), Alphabet (29.8%), Apple (24.9%), and Meta Platforms (38.6%). This makes Nvidia the most profitable company, maybe, in history.
Nvidia Corporation's Q3 earnings surpassed expectations, with revenues up 93.6% y/y and EPS up 103% y/y, driven by strong Datacenter and Gaming segments. Blackwell production is in full swing, with demand expected to exceed supply, positioning Nvidia for significant growth in Industrial AI. Automotive & Robotics segments showed robust growth, with revenues up 72% y/y, and new initiatives in humanoid robots and autonomous vehicles.
The stock market is entering its usually favorable holiday season.
The age of A.I. rages on, according to Nvidia CEO Jensen Huang who cites increased chip production and the technology's ability to assist "100% of the jobs in the world.
The main indexes were volatile Thursday with Nvidia earnings in focus.
Futurum Group practice lead for devices Olivier Blanchard details his view on the semiconductor landscape following Nvidia's (NVDA) latest earnings report. "We're in the middle of an AI transformation, a huge disruption," Blanchard told Catalysts.
Nvidia's estimate-beating results were not enough to impress Wall Street. Ipek Ozkardeskaya, Swissquote, senior market analyst, joins Caroline Hyde to discuss on "Bloomberg Technology.
CNBC's Kristina Partsinevelos and Futurum's Daniel Newman, joins 'Power Lunch' to discuss what's next for tech and Nvidia.
Bank of America reiterated its 'Buy' rating and $190 price objective for NVIDIA Corp (NASDAQ:NVDA, ETR:NVD), citing the company's dominant position in AI infrastructure despite delivering fourth-quarter guidance that fell short of bullish investor expectations. While fiscal third-quarter results were solid, Nvidia's Q4 revenue forecast of $37.5 billion, slightly above consensus, disappointed those anticipating closer to $40 billion.