2024-08-28 23:55:08
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Nvidia's Earnings Beat Expectations, But Growth Slows
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Nvidia shares rose $600B since August lows ahead of Q2 earnings; Wedbush's Bryson sees strong results, 137% EPS growth to 67 cents, $30B revenue. Blackwell delays, Hopper and H100 chip demand. Hyperscalers plan $500B infrastructure spend. Nvidia's data center revenue could reach $150B next year. Ives says Nvidia's earnings impact tech, $1 GPU=$8-$10 multiplier; analysts question AI spending at Microsoft, Meta, Amazon, Alphabet.
The Street
Nvidia's Jensen Huang and new inflation data may rock the markets TheStreet Daily Newsletter
Economy
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Politics
Nvidia's earnings, Blackwell GPU delays, new inflation data, geopolitical tensions, corporate earnings, and political events could impact markets this week. Nvidia's CEO Jensen Huang will discuss Q2 results and Blackwell GPU issues. The Commerce Dept. will release July PCE inflation data, which could prompt Fed interest rate cuts. Israel attacked Hezbollah in Lebanon, the Ukraine-Russia war continues, and there are Middle East worries. U.S. election campaigns will ramp up. CrowdStrike had comp..
The Street
Analysts: What to know before Nvidia earnings this week TheStreet Daily Newsletter
Technology
Finance
Nvidia, a leading tech company, is scheduled to report earnings this week. Investors will focus on reports that the delivery of Nvidia's new Blackwell processors could be delayed by around three months due to design flaws, which was communicated to Microsoft and an unnamed cloud-service provider client. Wall Street forecasts strong financial results, but there are concerns about Nvidia's performance going forward, particularly around the spending levels of its largest customers, which include..
The Street
Stock Market Today: Stocks edge higher with Nvidia earnings on deck TheStreet Daily Newsletter
Finance
Economy
U.S. equity futures edge higher, Treasury yields and dollar steady. S&P 500 ends lower, Nasdaq drifts red as investors pare risk ahead of Nvidia earnings. Wall Street expects Nvidia EPS of 64 cents, up 137%. Nvidia guided Q3 revenue to $28 billion. S&P 500 profits up 12.7% to $502.1 billion, forecast 5.7% rise to $512.8 billion in Q3. CAVA execs sold shares after Q2 beat. Apple CFO Maestri to step down, Parekh to replace him.
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