US futures drift higher as more earnings, economic cues loom

Market Intelligence Analyst Adam Crisafulli of Vital Knowledge Reacts to NVIDIA (NVDA) Earnings: 'dividend is so low it’s a wonder why they pay one at all'

Respected Analyst Adam Crisafulli of Vital Knowledge Reacts to NVIDIA (NASDAQ: NVDA) Earnings.

The analyst comments "NVDA (Nvidia) reported upside in FQ1, including sales +262% Y/Y to $26B (vs. the Street $24.69B) and EPS +461% Y/Y to 6.12 (vs. the Street 5.65). The critical Data Center unit saw sales surge 427% Y/Y to $22.6B (about $1.5B above the Streets $21.1B forecast). Within Data Center, Compute spiked 478% to $19.39B while Networking rose 242% to $3.1B. Strong sequential Data Center growth was driven by all customer types, led by Enterprise and Consumer Internet companies. Large cloud... More

Citi Out First to Recap NVIDIA (NVDA) Earnings

Citi analyst Atif Malik reiterated a Buy rating and $1,030.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "Fundamentals: NVDA reported Apr-Q revs/non-GAAP EPS (ex-SBC) of $26B/$6.12 vs. our $24B/$5.39 and Streets (FactSet) $24.6B/$5.60 and guided Jul-Q revenue to $28B (at MP) vs. our $27.5B and Streets $26.6B. Higher Hopper GPU... More

NVIDIA (NVDA) PT Raised to $1,100 at CFRA

CFRA analyst Angelo Zino raised the price target on NVIDIA (NASDAQ: NVDA) to $1,100.00 (from $1,000.00) while maintaining a Buy rating.

The analyst comments "We up our 12-month target to $1,100 from $1,000, on a P/E of 35x our CY 25 EPS view, above peers but below... More

Goldman Sachs: S&P 500 results for 1Q offer mixed views on the consumer

Goldman Sachs said in a note Monday that the S&P 500's first quarter 2024 results reflect a nuanced picture of consumer behavior.

While overall earnings per share (EPS) for the S&P 500 rose by 6% year over year, surpassing initial expectations of 3% growth, the stock market's reaction was varied, said the investment bank.

They noted that unusually, stocks that... More

Rosenblatt Previews NVIDIA (NVDA) Earnings

Rosenblatt analyst Hans Mosesmann reiterated a Buy rating and $1,400.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "We expect NVIDIA to beat and raise in the April quarter, albeit not reaching the levels of the January quarter, due to improved supply and anticipated year-over-year deceleration from tougher comparisons. We believe that NVIDIA is still facing shortages of CoWoS and HBM, although the shortage of CoWoS is... More

NVIDIA (NVDA) PT Raised to $1,200 at Baird

Baird analyst Tristan Gerra raised the price target on NVIDIA (NASDAQ: NVDA) to $1,200.00 (from $1,050.00) while maintaining a Outperform rating.

The analyst comments "Raising estimates/price target on continued strength in AI-related demand for Nvidia. There is no match to Nvidia's products offering... More