In the words of Carson Group's Chief Market Strategist, Ryan Detrick: "Death, taxes, and Nvidia (NASDAQ: NVDA) beats on earnings are three things we can always count on in life."
For the 11th time in the last 12 quarters, the infrastructure backbone of the artificial intelligence (AI) revolution demolished Wall Street's consensus sales and profit expectations in its fiscal second quarter (ended July 26). Sales more than doubled to $96.2 billion, with (surprise, surprise!) the data center segment leading the way (117% year-over-year revenue growth).
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Furthermore, the company projects that full-year sales will skyrocket by another 70% in fiscal 2028. This compares to Wall Street's revenue growth estimates of 44%.
CEO Jensen Huang proclaimed, "AI has reached its inflection point" and made clear to investors that "demand is accelerating." Given Nvidia's aggressive innovation cycle -- it's aiming to bring a new advanced AI-accelerating chip to market annually -- and the compute superiority of its multiple generations of graphics processing units (GPUs), it's not a shock that Nvidia has made a habit of leapfrogging even the loftiest expectations on Wall Street.
#year #expectations
For the 11th time in the last 12 quarters, the infrastructure backbone of the artificial intelligence (AI) revolution demolished Wall Street's consensus sales and profit expectations in its fiscal second quarter (ended July 26). Sales more than doubled to $96.2 billion, with (surprise, surprise!) the data center segment leading the way (117% year-over-year revenue growth).
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Furthermore, the company projects that full-year sales will skyrocket by another 70% in fiscal 2028. This compares to Wall Street's revenue growth estimates of 44%.
CEO Jensen Huang proclaimed, "AI has reached its inflection point" and made clear to investors that "demand is accelerating." Given Nvidia's aggressive innovation cycle -- it's aiming to bring a new advanced AI-accelerating chip to market annually -- and the compute superiority of its multiple generations of graphics processing units (GPUs), it's not a shock that Nvidia has made a habit of leapfrogging even the loftiest expectations on Wall Street.
#year #expectations
5 days ago
