Semiconductor Stocks
Nvidia Q1 Earnings: Est 100% Growth for Data Center in Q2 is Bonkers
You’ve probably already heard by now that Nvidia’s guidance for fiscal Q2 of $11 billion was 53% higher than analyst expectations of $7.2 billion. The stock is up 25% after hours, adding $200 billion to its market cap. Originally, the stock was up +15% and then shot up to +25% when the CFO mentioned the beat is coming from the data center, plus when it was confirmed H2 would be also strong with visibility on supply. If Nvidia is adding roughly $4 billion in revenue, primarily driven by the data center, then Q2’s growth will accelerate to an incredible 100% growth rate, up from $3.8 billion in the year ago quarter. It also means the data center will roughly double from the first quarter (sequentially) as the segment was $4.28B in the current quarter.
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