Nvidia (NVDA)

Re: Nvidia (NVDA)

Postby winston » Wed Jun 27, 2018 11:20 am

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Nvidia (NASDAQ:NVDA) shares lost their 50-day moving average, falling below overhead resistance near the $250 level going back to January.

Watch for a drop down to the 200-day moving average, a level that hasn’t been tested since early 2016, as demand hype from things like bitcoin mining fade and investors focus on the risk of profit taking after a 1000% rise over the last three years.

The company will next report on August 9 after the close. Analysts are looking for earnings of $1.84 per share on revenues of $3.1 billion.

When the company last reported on May 10, earnings of $2.05 beat estimates by 39 cents on revenue growth of 65.6%.

Source: Investor Place
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Re: Nvidia (NVDA)

Postby winston » Sat Aug 11, 2018 10:27 am

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Earnings Reports to Watch: Nvidia (NVDA)

Earnings Report Date: Thursday, August 16 after market close

Nvidia Corporation (NASDAQ:NVDA) has beaten Street expectations for sales and profits for 11 consecutive quarters. That’s one of the reasons the stock is up a whopping 1,020% over the last three years.

Simple history suggests betting on a 12th straight beat is the right play. But fiscal Q2 results seem particularly important this time around.

Advanced Micro Devices (NASDAQ:AMD) clearly has become a stronger competitor in GPUs. A modestly disappointing quarter from Intel (NASDAQ:INTC) means investors are looking for Nvidia to have picked up share in datacenter. Meanwhile, NVDA stock has traded a little bit sideways of late: it’s still off almost 5% from June highs.

A simple top- and bottom-line beat may not be enough here. But NVDA remains a stock to buy on any weakness.

Valuation is high, but not that high in the context of growth potential in datacenter and automotive. It’s going to be tough for NVDA to jump big after Thursday’s report, but upside probably is coming at some point.

Source: Investor Place
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Re: Nvidia (NVDA)

Postby winston » Fri Aug 17, 2018 3:49 pm

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Nvidia forecast lags Wall Street as crypto demand evaporates

By Sonam Rai and Stephen Nellis

The company's bleak outlook for cryptocurrency chips was a sharp reversal from the prior fiscal quarter, when sales to so-called miners of digital currencies such as bitcoin and ethereum amounted to $289 million, nearly a 10th of Nvidia's revenue.

Analysts were troubled by Nvidia's gross margin forecast of 62.8 percent, slightly below expectations of 62.9 percent and possibly a result of putting more memory modules on its chips.

Net income rose 89 percent to $1.1 billion for the fiscal second-quarter. Excluding items, Nvidia earned $1.94 per share. Total revenue rose 40 percent to $3.12 billion.

Analysts on average had expected a profit of $1.66 per share and revenue of $3.10 billion, according to Thomson Reuters I/B/E/S.


Source: Reuters

https://finance.yahoo.com/news/nvidia-f ... 01375.html
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Re: Nvidia (NVDA)

Postby winston » Mon Aug 20, 2018 12:55 pm

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Nvidia Slides After Issuing Light Guidance: 5 Key Takeaways

Though plunging demand from cryptocurrency miners is weighing on sales for now, things look better for other parts of Nvidia's business.

by Eric Jhonsa

After the bell on Thursday, Nvidia reported July quarter (fiscal second quarter) revenue of $3.12 billion and GAAP EPS of $1.76.

Revenue rose 40% annually and slightly topped a $3.11 billion consensus;

EPS, benefiting from a lower-than-expected 7% tax rate, beat a $1.67 consensus.

Non-GAAP EPS was $1.94, above a $1.85 consensus.

However, citing a collapse in crypto demand, Nvidia also guided for October quarter revenue of $3.25 billion, plus or minus 2%.

The outlook implies 23% growth at the midpoint, and is below a $3.34 billion consensus.

1) Crypto Sales Have Collapsed, and Can't Fall Much Farther
2) Datacenter Segment Sales are Still Soaring
3) Gaming Demand is Holding Up Well
4) Nvidia is Very Upbeat About Turing's Potential
5) Spending Continues Growing Rapidly


Source: The Street

https://www.thestreet.com/opinion/nvidi ... s-14686281
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Re: Nvidia (NVDA)

Postby winston » Thu Nov 15, 2018 3:02 pm

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Nvidia (NVDA)

Nvidia, like INTC, has a robust data-center story. However, gaming — its most significant revenue contributor with a mid-priced product — is experiencing a slowdown and tariffs are also affecting NVDA stock negatively.

The company reports earnings on Thursday, Nov. 15, after the close of the market. The weak GPU channel sales reported by AMD in late October will probably come up in Nvidia’s earnings call and projections too.

Although NVDA stock has a good track record of beating expectations, I am not looking for a big move upward, nor am I expecting positive guidance. Therefore, I would avoid buying NVDA stock before the earnings call.

Based on the near-term option prices, I am expecting a drop in the stock of approximately 10% on Friday and next week. Moreover, the technical chart for NVDA stock — like that of AMD — still looks rather weak by most indicators, which points to a potential fall in the price of Nvidia stock to $145.

As such, patient investors who wait to get into NVDA shares later in the year are likely to have good returns in 2019.

Source: Investor Place
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Re: Nvidia (NVDA)

Postby winston » Fri Nov 16, 2018 8:55 pm

Nvidia Plummets Following Lower-Than-Expected Q4 Sales Guidance

by Jason Shubnell

NVIDIA Corporation NVDA dropped more than 15 percent in the after-hours session following the release of its third-quarter earnings print.

What Happened
Q3 earnings came in at $1.84 per share, beating estimates by 13 cents. Sales of $3.18 billion missed the $3.24-billion estimate.

What appears to have investors hitting the sell button is Q4 sales guidance. The chipmaker expects sales of $2.7 billion — give or take 2 percent — compared to a $3.4-billion consensus analyst estimate.

Nvidia also raised its quarterly dividend from 15 cents a share to 16 cents and announced a $7-billion buyback.

"Our near-term results reflect excess channel inventory post the cryptocurrency boom, which will be corrected," Jensen Huang, founder and CEO, said in the press release. "Our market position and growth opportunities are stronger than ever."

What's Next
Nvidia has made some huge moves following Q3 earnings reports, so traders should be prepared for the potential for major volatility. Benzinga's Wayne Duggan reported that over the past 15 quarters, Nvidia's stock has averaged a one-day move of plus or minus 9.6 percent.

At time of publication, Nvidia shares were down 16.2 percent at $169.69 in Thursday's after hours session.

Source: Benzinga

https://www.benzinga.com/markets/crypto ... i=67566725
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Re: Nvidia (NVDA)

Postby winston » Sat Nov 17, 2018 5:43 pm

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Tech Stocks to Buy for the Sector Resurgence: Nvidia (NVDA)

Earlier this summer, Cowen analyst Matthew Ramsay boldly declared that Nvidia (NASDAQ:NVDA) has protection against China’s retaliatory tariffs. The reasoning made sense at the time. The Chinese semiconductor industry couldn’t hold a candle to its American counterparts. Therefore, they would hurt themselves with a retaliatory strike.

Unfortunately, NVDA stock didn’t receive the memo. In the second half of this year, Nvidia shares have dropped 13.5%. Since the first of October, the company has tanked an alarming 29% in the markets.

I understand the volatility. Having a trade war with China does very few industries any good, especially tech stocks. As cyclical investments, several shareholders panicked out of NVDA stock. An earnings disappointment resulted in yet another big selloff overnight and into this morning. But the hard numbers suggest the selloff has gone a bit too far.

Few companies are as financially solid as Nvidia, which features a strong balance sheet as well as good profitability and growth metrics. This has led to the markets placing a significant premium on NVDA stock. Near the start of this year, it traded at 51 times trailing earnings.

Now, NVDA stock trades at close to 21-times earnings. Better yet, it’s still the same Nvidia; only at a steep discount.

Source: Investor Place
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Re: Nvidia (NVDA)

Postby winston » Sun Nov 18, 2018 8:24 am

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Nvidia Earnings Miss Is an Opportunity to Buy

Previously, NVDA stock had beaten street estimates nine out of the last 10 quarters, so investors were hoping a positive report could inject some optimism into the sector.

Nvidia reported that Q3 sales climbed to $3.18 billion, a 21% increase compared with Q3 2017. This lagged street estimates of $3.24 billion.

Earnings increased 48% to $1.97 per share. Adjusted earnings came in at $1.84 per share, beating the consensus estimate of $1.71 adjusted EPS.

The guidance for the quarter also was poor. NVIDIA said it expects to bring in $2.70 billion in revenue, plus or minus 2%, in Q4. This is well below the $3.4 billion street estimate.

Plus, this would represent a year-over-year decline. In Q4 2017, NVIDIA brought in $2.91 billion in sales.

After Nvidia's earnings report Thursday evening, Louis Navellier advised his readers to stay long.

Given that NVIDIA has beaten estimates for several quarters, I was not expecting a miss. However, I do think that Thursday night's selling was overdone.

There are algorithms that trade based on certain key words, like "miss," so that likely caused some of the volatility. While it's disappointing that NVIDIA missed sales estimates, it still is a fundamentally strong company.

In the third quarter, NVIDIA brought in record revenue from its Datacenter, Professional Visualization and Automotive businesses. And then there's the fact that NVIDIA handily beat earnings expectations.

NVIDIA is also generous with its shareholders, especially for a technology company. Last quarter, NVIDIA returned $1.13 billion to shareholders between stock buybacks and dividends.

In its third-quarter report, NVIDIA announced that it's increasing its dividend by 7% to $0.16 per share. NVIDIA also recently authorized a new $7 billion share repurchase program.

For these reasons, I do expect that NVDA shares will rebound from Thursday night's pullback.
A major factor in Nvidia's run up over the last year is that its hardware became popular with people who needed the computing power to mine virtual currencies.

Chief Executive Jensen Huang noted that the decline in cryptocurrency prices has hurt demand for its processors.

"The crypto hangover lasted longer than we expected," he said on the company's earnings call. "This is surely a setback, and I wish we had seen it earlier."

Nvidia joined other semiconductor stocks, including AMD and Intel, that have slid recently after earnings reports. The Philadelphia Semiconductor Sector Index, a capitalization-weighted index composed of 30 semiconductor companies, has dropped 12.6% since its early September highs.

Source: Investor Place
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Re: Nvidia (NVDA)

Postby winston » Sun Nov 18, 2018 6:32 pm

Nvidia 'finally stumbled:' What every major Wall Street analyst said after the chipmaker's earnings

by Michael Sheetz and Michael Bloom

"We were clearly wrong on the stock," Goldman Sachs said as the firm removed Nvidia from its list of conviction stocks.

"The stock will likely not bounce back right away, given the severity of the miss," Morgan Stanley said.

BOA: We are not expecting a quick recovery, and it could take 1-2 quarters for NVIDIA (NVDA) to regain its growth/execution credibility.


Source: CNBC

https://www.cnbc.com/2018/11/16/heres-w ... yptr=yahoo
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Re: Nvidia (NVDA)

Postby winston » Thu Nov 22, 2018 4:34 am

Avoid NVIDIA, Add These 4 Top-Ranked Semi Stocks To Portfolio

NVIDIA’s results were marred by a sluggish Gaming segment, affected by an excess inventory of midrange Pascal products.

Notably, inventory level of midrange Pascal gaming cards remained higher-than-expected.

Management mentioned that it will take a couple of quarters to normalize the channel inventory.

The company’s mid-range desktop portfolio constitutes nearly one-third of its gaming business.


in the fiscal fourth quarter, NVIDIA anticipates soft sales of Tegra chips for game consoles on account of normal seasonal build cycle, to weigh on its gaming revenues.


Source: Zacks Investment Research

https://www.investing.com/analysis/avoi ... -200361407
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