NVIDIA (NVDA) PT Raised to $450 at Morgan Stanley, 'guides to the largest $ revenue upside in industry history'

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 EDT

Wedbush 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 EDT

Goldman 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 EDT

Stifel 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 EDT

Evercore 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’s Asian suppliers rally on positive AI-fuelled outlook

May 25, 2023 4:30 AM EDT

Investing.com -- Shares of major Asian Nvidia Corp (NASDAQ: NVDA) suppliers rose sharply on Thursday, tracking an overnight rally in the graphics card maker on strong first-quarter results and a positive outlook on chip demand amid growing interest in artificial intelligence.

Japans Advantest Corp (TYO:6857), which supplies semiconductor testing technology to Nvidia, was among the best performers for the day, rallying 16% to a record... More

Stocks expected to have increasing option volume: NVDA SNOW ULTA BBY

May 25, 2023 4:25 AM EDT

Stocks expected to have increasing option volume: NVDA SNOW ULTA BBY

... More

NVIDIA (NVDA) PT Raised to $450 at Raymond James

May 25, 2023 4:04 AM EDT

Raymond James analyst Srini Pajjuri raised the price target on NVIDIA (NASDAQ: NVDA) to $450.00 (from $290.00) while maintaining a Strong Buy rating.... More

NVIDIA (NVDA) PT Raised to $600 at Rosenblatt, 'Biggest Cycle in History'

May 25, 2023 4:03 AM EDT

(Updated - May 25, 2023 5:00 AM EDT)

Rosenblatt analyst Hans Mosesmann raised the price target on NVIDIA (NASDAQ: NVDA) to $600.00 (from $320.00) while maintaining a Buy rating.

The analyst comments "Nvidias epic print and guide on the massive inflection of global generative AI is historical on so many levels and consistent with a needed view that there is a secular change... More

NVIDIA (NVDA) PT Raised to $475 at UBS

May 25, 2023 4:02 AM EDT

UBS analyst Timothy Arcuri raised the price target on NVIDIA (NASDAQ: NVDA) to $475.00 (from $315.00) while maintaining a Buy rating.... More

NVIDIA (NVDA) PT Raised to $475 at Bernstein, 'The Big Bang'

May 25, 2023 3:48 AM EDT

(Updated - May 25, 2023 4:44 AM EDT)

Bernstein analyst Stacy Rasgon raised the price target on NVIDIA (NASDAQ: NVDA) to $475.00 (from $300.00) while maintaining a Outperform rating.

The analyst comments "NVIDIA's FQ1 results were extremely strong with revenues and EPS both above consensus ($7,192M/$1.09 vs Street at $6,515/$0.92) with upside across Datacenter, Gaming, and ProVis, offset by a bit of moderation in Auto revenues on the back of China weakness. But forget all that. In the 15+ years we have been doing this... More

NVIDIA (NVDA) PT Raised to $450 at BofA Securities

May 25, 2023 3:39 AM EDT

BofA Securities analyst Vivek Arya raised the price target on NVIDIA (NASDAQ: NVDA) to $450.00 (from $340.00) while maintaining a Buy rating.... More

NVIDIA (NVDA) PT Raised to $420 at Citi, '11 Billion Reasons to Stay Long'

May 25, 2023 3:39 AM EDT

(Updated - May 25, 2023 4:50 AM EDT)

Citi analyst Atif Malik raised the price target on NVIDIA (NASDAQ: NVDA) to $420.00 (from $363.00) while maintaining a Buy rating.

The analyst comments "NVDA stock was +25% after hours after reporting 18% EPS beat on the... More

NVIDIA (NVDA) PT Raised to $500 at JPMorgan, 'First Massive Wave of Demand in Generative AI … More to Follow'

May 25, 2023 3:33 AM EDT

(Updated - May 25, 2023 4:47 AM EDT)

JPMorgan analyst Harland Sur raised the price target on NVIDIA (NASDAQ: NVDA) to $500.00 (from $250.00) while maintaining a Overweight rating.

The analyst comments "Generative AI and large language/transformer models are driving accelerating demand for Nvidias accelerated compute/networking platforms and software solutions. The team has positioned itself as the one-stop solution provider with its portfolio of compute/networking silicon, software/managed cloud services, hardware systems and full-stack ecosystem for training/deploying complex models. This is reflected in the massive demand growth in its... More

NVIDIA (NVDA) PT Raised to $472 at Jefferies

May 25, 2023 3:33 AM EDT

Jefferies analyst Mark Lipacis raised the price target on NVIDIA (NASDAQ: NVDA) to $472.00 (from $300.00) while maintaining a Buy rating.... More

NVIDIA (NVDA) PT Raised to $500 at Barclays

May 25, 2023 3:28 AM EDT

Barclays analyst Blayne Curtis raised the price target on NVIDIA (NASDAQ: NVDA) to $500.00 (from $275.00) while maintaining a Overweight rating.... More

NVIDIA (NVDA) PT Raised to $440 at Piper Sandler

May 25, 2023 3:23 AM EDT

Piper Sandler analyst Harsh Kumar raised the price target on NVIDIA (NASDAQ: NVDA) to $440.00 (from $300.00) while maintaining a Overweight rating.... More

Baird Upgrades NVIDIA (NVDA) to Outperform, 'AI Wave in Formation'

May 25, 2023 2:52 AM EDT

(Updated - May 25, 2023 6:56 AM EDT)

Baird analyst Tristan Gerra upgraded NVIDIA (NASDAQ: NVDA) from Neutral to Outperform with a price target of $475.00 (from $300.00).

The analyst comments "Upgrading to Outperform. We raised our estimates above consensus and added a Fresh Pick... More

NVIDIA (NVDA) PT Raised to $450 at BMO Capital, 'Redefining Beat and Raise...'

May 25, 2023 2:09 AM EDT

(Updated - May 25, 2023 4:52 AM EDT)

BMO Capital analyst Ambrish Srivastava raised the price target on NVIDIA (NASDAQ: NVDA) to $450.00 (from $350.00) while maintaining a Outperform rating.

The analyst comments "...especially the raise part. NVIDIA's guidance is $4B higher vs.... More

NVIDIA (NVDA) PT Raised to $390 at Deutsche Bank, 'Just Wow'

May 25, 2023 2:08 AM EDT

(Updated - May 25, 2023 4:43 AM EDT)

Deutsche Bank analyst Ross Seymore raised the price target on NVIDIA (NASDAQ: NVDA) to $390.00 (from $220.00) while maintaining a Hold rating.

The analyst comments "While NVDAs F1Q report delivered a sizable beat, it paled in comparison to the cos F2Q guidance for an amazing >50% q/q revenue growth, yielding the... More

NVIDIA (NVDA) PT Raised to $500 at Evercore ISI

May 25, 2023 2:07 AM EDT

Evercore ISI analyst C.J. Muse raised the price target on NVIDIA (NASDAQ: NVDA) to $500.00 (from $320.00) while maintaining a Outperform rating.... More

NVIDIA (NVDA) PT Raised to $500 at KeyBanc, 'Results Live Up to the Generative AI Hype'

May 25, 2023 12:57 AM EDT

(Updated - May 25, 2023 5:01 AM EDT)

KeyBanc analyst John Vinh raised the price target on NVIDIA (NASDAQ: NVDA) to $500.00 (from $375.00) while maintaining a Overweight rating.

The analyst comments "NVDA reported F1Q results, which solidly beat, and guided F2Q... More

Nvidia's results spark nearly $300 billion rally in AI stocks

May 24, 2023 6:50 PM EDT

By Noel Randewich and Sinéad Carew

(Reuters) -Stocks related to artificial intelligence surged in extended trade on Wednesday, adding almost $300 billion in market capitalization after chipmaker Nvidia Corp forecast strong revenue growth and said it was boosting production of its AI chips to meet surging demand.

Nvidia's stock zoomed as much as 28% after the bell to trade at $391.50, its highest level ever. That increased its stock market value by about $200 billion to over $960 billion, extending the Silicon Valley company's lead as the world's most valuable chipmaker... More

NVIDIA (NVDA) now up 26%, adding $200 billion in market cap

May 24, 2023 5:26 PM EDT

NVIDIA (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

After-hours movers: NVIDIA explodes higher on massive guidance hike, Snowflake falls on disappointing results

May 24, 2023 5:21 PM EDT

After-Hours Stock Movers:

NVIDIA (NASDAQ: NVDA) 22% HIGHER; reported Q1 EPS of $1.09, $0.17 better than the analyst estimate of $0.92. Revenue for the quarter came in at $7.19 billion versus the consensus estimate of $6.52 billion. NVIDIA sees Q2 2024 revenue of $11 billion, versus the consensus of $7.15 billion.

American Eagle Outfitters (NYSE: AEO) 16% LOWER; reported Q1 EPS of $0.17, in-line with the analyst estimate of $0.17. Revenue for the quarter came in at $1.1 billion versus... More

'Cosmological', 'Just wow', 'Dropping mics and jaws', 'Mother of all cycles': Analysts discuss Nvidia (NVDA) as shares rally 25%

May 24, 2023 5:01 PM EDT

(Updated - May 25, 2023 5:34 AM EDT)

Investing.com -- Nvidia (NASDAQ: NVDA) shares skyrocketed in pre-market Thursday trading after the chipmaker offered a blockbuster outlook for the second quarter.

The company's fiscal first-quarter results easily topped analyst estimates. Nvidia shares are up 25% in pre-market trade on Thursday following the report.

NVIDIA announced earnings per share of $1.09 on revenue of $7.19 billion. Analysts polled by Investing.com anticipated EPS of $0.92 on revenue of $6.52B.

First-quarter revenue in its data center business reached a record $4.28B, up 14% from a year ago and up 18%... More

NVIDIA (NVDA) adds to gains on massive revenue guide, now up 19%

May 24, 2023 4:37 PM EDT

NVIDIA (NASDAQ: NVDA) adds to gains after-hours on blow-out guidance, shares now up 19%:

The company now sees Q2 2024 revenue of $11 billion, 53% above the Wall Steet consensus of $7.15 billion... More

AMD (AMD) Trades Higher in Sympathy with NVIDIA (NVDA)

May 24, 2023 4:29 PM EDT

(Updated - May 24, 2023 4:30 PM EDT)

AMD (NASDAQ: AMD) Trades Higher in Sympathy with NVIDIA (NASDAQ: NVDA)

NVDA +15% Following Strong GuidanceAMD +6.6%... More

Nvidia shares soar nearly 30% as sales forecast jumps and AI booms

May 24, 2023 4:24 PM EDT

By Chavi Mehta and Stephen Nellis

(Reuters) -Nvidia Corp on Wednesday forecast second-quarter revenue more than 50% above Wall Street estimates, and said it is boosting supply to meet surging demand for its artificial-intelligence chips, which are used to power ChatGPT and many similar services.

Shares of Nvidia, the world's most valuable listed semiconductor company, rocketed as much as 28% after the bell to trade at $391.50, a record high. The gain increased Nvidia's stock market value by about $200 billion to over $950 billion, extending the Silicon Valley company's lead as the world's most valuable chipmaker and Wall Street's fifth-most-valuable company.

... More

NVIDIA (NVDA) surges 11% on strong Q1 results and blow-out guidance

May 24, 2023 4:23 PM EDT

NVIDIA (NASDAQ: NVDA) surges 11% on strong Q1 results and blow-out guidance:

NVIDIA reported Q1 EPS of $1.09, $0.17 better than the analyst estimate of $0.92. Revenue for the quarter came in at $7.19 billion versus the consensus estimate of $6.52 billion.NVIDIA sees Q2 2024 revenue of $11 billion, versus the consensus of $7.15 billion... More

Nvidia (NVDA) Sees Q2 Revenue of $11B vs $7.18B Est

May 24, 2023 4:22 PM EDT

Nvidia (NVDA) Sees Q2 Revenue of $11B vs $7.18B Est

... More

NVIDIA (NVDA) Tops Q1 EPS by 17c, Crushes Guidance

May 24, 2023 4:21 PM EDT

NVIDIA (NASDAQ: NVDA) reported Q1 EPS of $1.09, $0.17 better than the analyst estimate of $0.92. Revenue for the quarter came in at $7.19 billion versus the consensus estimate of $6.52 billion.

GUIDANCE:

NVIDIA sees Q2 2024 revenue of $11 billion, versus the consensus of $7.15... More

NVIDIA (NVDA) May weekly option implied volatility elevated into quarter results

May 24, 2023 2:24 PM EDT

NVIDIA (NASDAQ: NVDA) May weekly call option implied volatility is at 116, June is at 52; compared to its 52-week range of 40 to 75 into the expected release of quarter results today after the bell.

... More

NVIDIA (NVDA) Alphabet, Meta Platforms and Microsoft the near-term winners from generative AI - William Blair

May 24, 2023 11:52 AM EDT

William Blair analyst Ralph Schackart told investors in a note Wednesday that generative AI (GAI) is a game changer, with near-term beneficiaries likely to be hyper-scalers Alphabet (NASDAQ: GOOGL), Meta Platforms (NASDAQ: META) and Microsoft (NASDAQ: MSFT).

"In contrast to traditional artificial intelligence (AI), which focuses on pattern detection,... More

NVIDIA (NVDA) option implied volatility increases into quarter results

May 24, 2023 10:31 AM EDT

NVIDIA (NASDAQ: NVDA) May weekly call option implied volatility is at 108, June is at 52; compared to its 52-week range of 40 to 75 into the expected release of quarter results today after the bell.

... More

Generative AI is a game-changer, William Blair's deep-dive shows; Top Picks highlighted

May 24, 2023 8:52 AM EDT

William Blair analyst Ralph Schackar on generative AI: "In contrast to traditional artificial intelligence (AI), which focuses on pattern detection, generative AI (as the name suggests) can generate new content on its own (new text, images, audio, software code, etc.) after being trained by a machine learning model. This ability to generate new content on its... More

Dow futures fall 115 pts; Fed minutes in the spotlight

May 24, 2023 7:10 AM EDT

Investing.com -- U.S. stocks are seen opening lower Wednesday, adding to the previous sessions losses as ongoing debt ceiling negotiations fail to make progress, while investors await the release of the minutes of the last Federal Reserve meeting.

At 06:50 ET (10:50 GMT), the Dow Futures contract was down 115 points, or 0.3%, S&P 500 Futures traded 13 points, or 0.3%, lower and Nasdaq 100 Futures dropped 37 points, or 0.3%.

The major indices closed with hefty losses Tuesday, with the blue chip Dow Jones Industrial Average dropping 230 points, or 0.7%, while the broad-based S&P 500 fell 1.1% and the tech-heavy... More

We expect modest 'beat and raise' from Nvidia (NVDA); In-line for Marvel (MRVL) - Citi

May 24, 2023 5:08 AM EDT

Citi analyst Atif Malik: "We expect modest beat and raise from NVIDIA driven by accelerating Y/Y data center growth on new H100 product ramp and a shift of cloud capex spend towards generative AI (see Figure 1). While expectations are high post strong YTD stock outperformance and gaming is not... More

NVIDIA (NVDA) May weekly 307 straddle into quarter results

May 24, 2023 4:36 AM EDT

NVIDIA (NASDAQ: NVDA) May weekly 307 straddle is priced for a move of 7% into the expected release of quarter results today after the bell.

... More

Nvidia earnings, Kohl's reports, Snowflake: 3 things to watch

May 23, 2023 4:15 PM EDT

Investing.com -- Stocks weakened as the debt ceiling negotiations dragged on with seemingly no end in sight on Tuesday.

Congress has to raise the ceiling or suspend it in a matter of days or risk a U.S. default on its obligations. Treasury Secretary Janet Yellen has given June 1 as the drop-dead date beyond which it runs out of options, but others have suggested there might be a... More