Nvidia (NVDA) didn't like what it saw in Wall Street estimates for its future revenue growth.
"In addition to having much stronger visibility into next year, the team noted that its decision to provide an out-year outlook was also motivated by the fact that there was a meaningful gap between Street estimates and what Nvidia was seeing internally, which the company believed could have created supply-chain planning challenges for partners," JPMorgan ***** yst Harlan Sur wrote in a note today after his meeting with Nvidia executives.
With Nvidia's stock stuck in neutral for the better part of the summer prior to earnings as investors fretted about peak artificial intelligence growth, the chip darling decided to take one swift measure to silence the naysayers.
The action: serving up a rare long-term outlook that blew everyone on the Street away.
Nvidia said after reporting its fiscal second quarter earnings that it sees 70% revenue growth for fiscal year 2028. This was above ***** yst forecasts for 45% growth. The sales gain would be larger — think in excess of 100% — if not for memory chip shortages, said Nvidia CEO Jensen Huang.
#analyst #chip
"In addition to having much stronger visibility into next year, the team noted that its decision to provide an out-year outlook was also motivated by the fact that there was a meaningful gap between Street estimates and what Nvidia was seeing internally, which the company believed could have created supply-chain planning challenges for partners," JPMorgan ***** yst Harlan Sur wrote in a note today after his meeting with Nvidia executives.
With Nvidia's stock stuck in neutral for the better part of the summer prior to earnings as investors fretted about peak artificial intelligence growth, the chip darling decided to take one swift measure to silence the naysayers.
The action: serving up a rare long-term outlook that blew everyone on the Street away.
Nvidia said after reporting its fiscal second quarter earnings that it sees 70% revenue growth for fiscal year 2028. This was above ***** yst forecasts for 45% growth. The sales gain would be larger — think in excess of 100% — if not for memory chip shortages, said Nvidia CEO Jensen Huang.
#analyst #chip
10 days ago
