In the updated quarterly pre-announcement, however, the company stated its second-quarter revenue is expected to reach only $6.7 billion.įurthermore, analysts on Wall Street aren’t expecting much from Nvidia. Previously, Nvidia had indicated that revenue for Q2 would be $8.1 billion.
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Nvidia and a BofA Analyst Aren’t Optimistic 8, Financial Times reported that Nvidia “cut its financial guidance for the three months to July, warning that weaker gaming revenue would hit earnings.” This isn’t shown on Nvidia’s news page, but that’s understandable. Heck, even the company itself is somewhat pessimistic. Nvidia shares already traded at that price, and if the general sense of pessimism is wrong, a revisit of $300 isn’t out of the question at all. The stockholders really need to see some share-price movement, and I picked $300 as a realistic target. Besides, the share price sank from $300 at the beginning of 2022 to less than $200 in recent weeks. Sure, Nvidia pays a dividend, but it’s only 0.09% per year. Nvidia’s quarterly release will be high-stakes because NVDA stock holders could really use a boost now.
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