NVDA Stock Set to Soar Higher as Q2 Guidance Surpasses Record Highs
June 2, 2023
🌥️Trending News
Nvidia Corporation ($NASDAQ:NVDA)’s stock is set to soar even higher after the company announced its guidance for the second fiscal quarter, with projected revenues that exceed the previous record. Nvidia Corporation is a technology company specializing in graphics processing units (GPUs) for the gaming and professional markets, and is a leader in artificial intelligence and parallel computing technologies. It is headquartered in Santa Clara, California and has offices worldwide. Nvidia expects the majority of the revenue to come from gaming sales, with the rest coming from sales of data center and professional visualization products.
This new guidance has investors excited about NVDA’s future prospects and the stock’s potential for further growth. With strong financials, excellent products, and a team of talented engineers, Nvidia seems well-positioned to capitalize on the opportunities provided by accelerating technological trends and remain at the forefront of innovation in its sector.
Share Price
On Wednesday, NVIDIA CORPORATION stock opened at $394.9 and closed at $378.3, dropping by 5.7% from the previous closing price of 401.1. Despite this reduction in price, the outlook for NVIDIA CORPORATION is still strong. This positive outlook has investors in a state of anticipation, with many expecting the stock to soon soar higher. Stronger than expected demand in the gaming and data center sectors have given NVIDIA CORPORATION the confidence to raise its revenue guidance significantly. Furthermore, NVIDIA CORPORATION has been able to keep its costs under control and maintain healthy profit margins.
In addition, the company has also benefited from the increasing demand for its products in the automotive industry. Given all of these factors, it is clear that NVDA stock is set to soar higher in the near future. Investors who see the potential in NVIDIA CORPORATION should take advantage of this opportunity and purchase shares before they become too expensive. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nvidia Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 25.88k | 4.79k | 18.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nvidia Corporation. More…
| Operations | Investing | Financing |
| 6.82k | 3.92k | -9.55k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nvidia Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 44.46k | 19.94k | 8.94 |
Key Ratios Snapshot
Some of the financial key ratios for Nvidia Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 30.0% | 9.1% | 18.7% |
| FCF Margin | ROE | ROA |
| 19.7% | 13.7% | 6.8% |
Analysis
We at GoodWhale have conducted an in-depth analysis of NVIDIA CORPORATION‘s financials and have concluded that it is a medium risk investment in terms of financial and business aspects. Our Risk Rating system has detected two risk warnings in the company’s balance sheet and financial journal. To get more detailed information, users have to become registered users of GoodWhale. We invite everyone to join us and take advantage of our innovative platform to make informed decisions about their investments. More…
Peers
Nvidia Corporation is an American technology company headquartered in Santa Clara, California. It designs graphics processing units (GPUs) for the gaming and professional markets, as well as system on a chip units (SOCs) for the mobile computing and automotive market. Nvidia’s primary GPU product line, labeled “GeForce”, is in direct competition with Advanced Micro Devices’ (AMD) “Radeon” products.
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VeriSilicon Microelectronics Shanghai Co Ltd is a fabless semiconductor company that designs, develops, and markets integrated circuits (ICs) and other semiconductor products. The company’s product portfolio includes power management ICs, digital signal processors, and other mixed-signal ICs for a range of end markets, including automotive, consumer, industrial, and communications. VeriSilicon Microelectronics Shanghai Co Ltd was founded in 2001 and is headquartered in Shanghai, China.
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JMicron Technology Corp is a leading provider of innovative semiconductor solutions. The company’s products include high-speed data converters, storage controllers, and Ethernet controllers. JMicron’s products are used in a variety of applications including consumer electronics, computing, and storage. The company has a market cap of 4.02B and a return on equity of 10.28%. JMicron is a publicly traded company on the Taiwan Stock Exchange.
Summary
Nvidia Corporation recently experienced a surge in stock prices after releasing strong financial guidance for their second fiscal quarter. The company expects to surpass their previous record quarterly revenue level. Despite this news, recent stock prices have since fallen. Many investors are keeping a close eye on Nvidia Corporation, as it still has potential for growth in the future. Analysts are predicting that Nvidia will benefit significantly from their investments in core technologies such as artificial intelligence and robotics.
Additionally, the company’s strong financial performance and increasing market share in the gaming industry could lead to further stock gains. While some uncertainties remain, Nvidia Corporation has established itself as a strong player in the tech industry, and investors should continue to keep an eye on the latest developments they make.
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