After-hours movers: NVIDIA explodes higher on massive guidance hike, Snowflake falls on disappointing results
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NVIDIA (NVDA): 'In 22 years of covering tech stocks and large cap we have NEVER seen a guidance range of this magnitude' - Wedbush's Ives
May 25, 2023 6:33 AM EDTWedbush analyst Dan Ives comments on NVIDIA's (NASDAQ: NVDA) historical guidance and what it means for the AI sector:
"In 22 years of covering tech stocks and large cap we have NEVER seen a guidance range of this magnitude on a large cap tech name and... More
NVIDIA (NVDA) PT Raised to $440 at Goldman Sachs; 'the inflection in Generative AI development is here'
May 25, 2023 6:26 AM EDTGoldman Sachs analyst Toshiya Hari raised the price target on NVIDIA (NASDAQ: NVDA) to $440.00 (from $375.00) while maintaining a Buy rating.
The analyst commented, "The inflection in Generative AI development is here with Nvidia beating FY1Q (April) consensus EPS by 18% and, more... More
NVIDIA (NVDA) PT Raised to $370 at Stifel, 'Significantly Higher Outlook as Data Centers Migrate Towards Accelerated Computing'
May 25, 2023 4:53 AM EDTStifel analyst Ruben Roy raised the price target on NVIDIA (NASDAQ: NVDA) to $370.00 (from $300.00) while maintaining a Hold rating.
The analyst comments "NVDA's recent momentum continued as F1Q results beat consensus expectations and the company's F2Q revenue outlook was significantly... More
NVIDIA (NVDA) PT Raised to $500 at Evercore ISI, 'Jensen Dropping Mics and Jaws'
May 25, 2023 4:48 AM EDTEvercore ISI analyst C.J. Muse raised the price target on NVIDIA (NASDAQ: NVDA) to $500.00 (from $320.00) while maintaining a Outperform rating.
The analyst comments "What can we say other than just WOW! NVDA guided July revenues of $11.0B, ~53% better than consensus or in dollar terms $3.8 Billion better - weve simply never seen a beat like thisever. The underlying driver here is Data Center which is expected to essentially double from $4B in April to... More
NVIDIA (NVDA) now up 26%, adding $200 billion in market cap
May 24, 2023 5:26 PM EDTNVIDIA (NASDAQ: NVDA) continues to power higher after-hours following blow-out guidance, with shares now up 26% - adding $200 billion in market cap.
The company now sees Q2 2024 revenue of $11 billion, 53% above the Wall Street consensus of $7.15 billion
... More
