Nvidia's Fiscal Q1 Revenue Guidance at $78 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: NASDAQ.COM
- Fiscal Q1 Revenue Guidance: Nvidia's management anticipates fiscal Q1 revenue of $78 billion, with a ±2% margin, indicating a substantial 77% year-over-year growth, reflecting strong demand and growth potential in the AI chip market.
- Importance of Future Outlook: While the fiscal Q1 results are highly anticipated, the market is more focused on the fiscal Q2 outlook, with Wall Street estimating around $87 billion; a guidance below this could signal a slowdown in AI demand, negatively impacting stock prices.
- Vera Rubin Platform Progress: Nvidia has shipped its first Vera Rubin samples to customers and plans to commence production in the second half of the year, positioning this next-generation platform as a significant leap in performance, potentially enhancing the company's competitive edge and technological leadership.
- China Market Dynamics: Nvidia's fiscal Q1 outlook does not assume any revenue from China’s data center compute, but with eased export restrictions, the market outlook may shift, as the CEO noted that “the market will open over time,” which could significantly impact future performance.
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Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 219.510
Low
200.00
Averages
264.97
High
352.00
Current: 219.510
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is an artificial intelligence (AI) infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. Its segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing and networking platforms and AI solutions and software, and automotive platforms and autonomous and electric vehicle solutions, including software. The Graphics segment includes GeForce GPUs for gaming and personal computers (PCs), and Quadro/NVIDIA RTX GPUs for enterprise workstation graphics. Its technology stack includes the foundational NVIDIA CUDA development platform that runs on all NVIDIA GPUs, as well as hundreds of domain-specific software libraries, frameworks, algorithms, software development kits (SDKs), and application programming interfaces (APIs). Its platforms address four markets, which include Data Center, Gaming, Professional Visualization, and Automotive.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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