NVIDIA (NVDA) Raises Stock Buyback Plan to $15 Billion

Benchmark Assumes NVIDIA (NVDA) at Buy, 'Strong Quarter but Weakness in China and Russia not Surprising'

May 26, 2022 7:22 AM EDT

Benchmark analyst Cody Acree assumes coverage on NVIDIA (NASDAQ: NVDA) with a Buy rating and a price target of $228.00.

The analyst comments "We are assuming coverage with a Buy Rating and setting a $228 price target, down from $365. NVDA turned in another strong quarter with record quarterly revenue from Data Center and Gaming both growing solidly QoQ and YoY, offsetting Auto softness on new product transitions and ongoing OEM production headwinds and a sequential decline in Professional Visualization, as... More

NVIDIA (NVDA) Falls on Downbeat Guidance, Evercore ISI Remains a Buyer as Shares Trade Near an 'Estimated Floor of $150'

May 26, 2022 6:22 AM EDT

Shares of Nvidia (NASDAQ: NVDA) are down more than 5.5% in premarket trading Thursday after the tech giant issued downbeat revenue guidance.

Nvidia reported Q1 adjusted EPS of $1.36, topping the consensus estimates of $1.30. Revenue came in at $8.29 billion, up 46% YoY and above the analyst consensus of $8.1 billion.

The company generated $3.75 billion in data center revenue, up 83% YoY, beating the expected $3.62 billion. Gaming revenue stood at $3.62 billion in the quarter, up 31% YoY and also above the consensus projection of $3.53 billion.

Nvidia reported an adjusted gross margin of 67.1% in the period, compared to... More

Nvidia says video gaming market slowing; shares drop 7%

May 25, 2022 4:26 PM EDT

By Chavi Mehta and Jane Lanhee Lee

(Reuters) -Chip designer Nvidia Corp forecast its sales of video game chips would decline in the current quarter, and startled some analysts by laying out new supply-chain issues resulting from China's COVID-19 lockdowns.

Chief Executive Jensen Huang told Reuters that Nvidia's gaming business revenue will post a percentage drop in the mid-teens for the current quarter compared with the previous quarter.

"Overall the gaming market is slowing," Huang said. Based on the softer market demand, Nvidia has chosen to reduce what it sells into the China market, he... More

Nasdaq Futures Decline Following Worse Than Expected Q2 Guidance From NVIDIA (NVDA)

May 25, 2022 4:25 PM EDT

Nasdaq Futures Decline Following Worse Than Expected Q2 Guidance From NVIDIA (NASDAQ: NVDA)

... More

NVIDIA (NVDA) Tops Q1 EPS by 7c, Q2 Revenue Guidance Misses

May 25, 2022 4:22 PM EDT

NVIDIA (NASDAQ: NVDA) reported Q1 EPS of $1.36, $0.07 better than the analyst estimate of $1.29. Revenue for the quarter came in at $8.29 billion versus the consensus estimate of $8.12 billion.

GUIDANCE:

NVIDIA sees Q2 2023 revenue of $8.1 billion, versus the consensus of $8.45... More