Semiconductor Stocks
Nvidia Q4 Earnings: A Tough Company to Bet Against
Beth KindigFEB 27, 20235 Min Read
Nvidia stock has reacted positively to an adjusted EPS Q4FY23 beat of $0.88 vs $0.80 and a Q1FY24 revenue guide of $6.5B vs $6.32 consensus. The most important on the call was the statement: “We expect sequential growth to be driven by each of our 4 major market platforms led by strong growth in data center and gaming” as it supports the H2 rebound. Nvidia’s current quarter weakness is already priced in, yet the anticipation is high that Nvidia nails the turnaround come the October quarter. This quarter --- especially with the comment on sequential growth comment across all four quarters --- makes this outcome a bit more likely
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