Investors shouldn't let a smaller-than-expected guidance beat overshadow tailwinds from Nvidia's looming Blackwell graphics processing unit ramp come January.
Investors shouldn't let a smaller-than-expected guidance beat overshadow tailwinds from Nvidia's looming Blackwell graphics processing unit rollout come January. Shares of the chip behemoth rose about 1.6% before the bell despite beating Wall Street's top-and-bottom line estimates as it signaled a slowdown in revenue growth from prior quarters. Shares of the chipmaker are up 195% this year.
mountain Shares this year "This was never the quarter that NVDA was going to blow out numbers, and we are not overly concerned with any of the issues on this call as we see increasing beats as Blackwell ramps and still a path above $5 of EPS next year," said Jefferies analyst Blayne Curtis.
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