Stocks Analysis by The Tokenist (Timothy Fries) covering: Intel Corporation, Microsoft Corporation, NVIDIA Corporation, Advanced Micro Devices Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
) stock gained 163% in value to its shareholders. Despite the hefty market pullback on August 7th when Nvidia shares dropped to $98, the stock recovered and gained its mid-July range, now priced at $128 per share.
For the fiscal quarter ending July 2024, which is scheduled to be reported on August 28th, Zacks Investment Research places an EPS consensus of $0.59 based on 13 analyst forecast inputs. In the prior quarter, Nvidia gave an outlook of $28 billion in revenue from Q1’s $22.6 billion, which itself tracked a 427% year-over-year growth.
Suffice to say, investors expect a similar growth post-Blackwell, although it will be much subdued by Nvidia’s over-$1 trillion market weight. In early August, Microsoft packaging complexities will lead to Blackwell shipments delay until Q1 2025. To stay ahead in the data center AI business, AMD recently made an aggressive move by acquiring ZT Systems for $4.9 billion. When it comes to Intel, Blackwell’s delay should provide the emerging foundry giant with an opportunity to expand with its cost-effective Gaudi 3 chips.
Microsoft Corporation NVIDIA Corporation Advanced Micro Devices Inc
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Which 'Magnificent 7' Stock Offers the Most Value for Money Today?Stocks Analysis by The Tokenist (Timothy Fries) covering: Intel Corporation, Microsoft Corporation, Alphabet Inc Class A, Apple Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Read more »
Is Intel Stock a Discounted Buy or a Hidden Pitfall?Stocks Analysis by The Tokenist (Timothy Fries) covering: Intel Corporation, Adobe Systems Incorporated, NVIDIA Corporation, Advanced Micro Devices Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Read more »
Top 3 Warren Buffett Stocks to Buy in August 2024Stocks Analysis by The Tokenist (Timothy Fries) covering: Kraft Heinz Co, Berkshire Hathaway Inc Class A, Heico Corporation, Ulta Beauty Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Read more »
Tesla Gains as Musk Eyes $5B xAI Investment: Time to Buy the Stock?Stocks Analysis by The Tokenist (Timothy Fries) covering: Tesla Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Read more »
Has CrowdStrike’s Stock Bottomed Out After the Global IT Outage Selloff?Stocks Analysis by The Tokenist (Timothy Fries) covering: Boeing Co, Adobe Systems Incorporated, Palo Alto Networks Inc, CrowdStrike Holdings Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Read more »
The Top 3 Most-Shorted Stocks in AugustStocks Analysis by The Tokenist (Timothy Fries) covering: Groupon Inc, Beyond Meat Inc, Phathom Pharmaceuticals Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Read more »