The analyst believes that Nvidia holds a leadership position in data centers which will drive growth in addition to autonomous technology and artificial intelligence. Further, Ivan Feinseth, a Tigress analyst has a price target of $310 with a Buy rating on the stock. He believes that the company will continue to face online issues in Russia and China in addition to the concerns surrounding crypto. Recently several analysts have reduced their price targets on NVDA stock but still maintain their buy ratings.įor example, Piper Sandler analyst Harsh Kumar has a price target of $235 with an overweight rating on the stock. Nvidia can advantage this increasing demand. Companies have enormous data and they are looking for ways to extract insight and automate and quicken processes. If you are looking for one reason to invest in NVDA stock, it will be the potential of the data center. There is massive demand in the industry and if the company manages to deploy its resources well, it will be able to keep pace with the demand.įor this quarter, the company expects $8.1 billion in sales and projects another record quarter in data center sales.
These two remain the dominant business segments for the company, but it looks like the data center will take over for the next few years. In the first quarter, the company reported data center sales of $3.75 billion and gaming sales of $3.62 billion. NVDA stock is trading at a discount and is a long-term buy. It is not by accident, but with careful planning and investment, that Nvidia has achieved tremendous success in this area. Nvidia (NVDA) NASDAQ Email Report Nvidia Earnings Date & Reports 43,045 Followers Earnings Data Report Date Not Confirmed Period Ending 2023 (Q3) Consensus EPS Forecast 0.73 Last Year’s EPS 1. Meanwhile, a disappointing earnings report could lead to a break of support in the 165 area and open the door for more downside toward 150 or even the May 2021 lows in the 165 zone if risk. However, the company has reported massive growth in the data center segment and it has become a major contributor to the revenue. If earnings come out better than anticipated, the stock is likely to break out of its bearish channel and move back toward its monthly high near 200.
#NVDA STOCK EARNINGS REPORR PC#
Increasing focus on the metaverse, a virtual world built on technologies like VR and augmented reality ( AR), is likely to create additional sources of demand for the company's data center chips.Despite having a presence across multiple industries, Nvidia was best known for gaming and PC hardware over the past few years. That development has helped to boost demand for Nvidia's chips used by data centers. Demand for remote computing power increased substantially during the pandemic as more and more people began working from home and businesses were forced to shift certain operations online. Both of those technologies are increasingly important for the rapidly growing data center market.
#NVDA STOCK EARNINGS REPORR SOFTWARE#
It turns out that the robust computational capabilities employed by GPUs to power video games and graphics software are also well-suited for technologies like AI and machine-learning. Nvidia has traditionally specialized in making chips for the gaming and graphics industry, being a pioneer in the development of graphics processing units (GPUs). As mentioned above, investors will also be focusing on Nvidia's data center revenue.
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