![]() ![]() Analysts currently expect $1.03/share of earnings and $8.11 billion of revenue. Field reports of slowing demand, however, indicate it could fall short. Nvidia is due to report its current quarter on Aug. That will cut earnings because a lot of the company’s revenue still comes from gamers. If prices for gaming chips continue to fall, Nvidia’s list prices will as well. The problem is that investors buy tomorrow, not yesterday. But costs from the cancelled acquisition of ARM Holdings meant GAAP earnings were down 16%. Non-GAAP earnings were also up 49% from a year ago. First-quarter revenue came in at $8.3 billion, up 46% from a year earlier. The good news is that underestimates the company’s power. 7 Best Bear Market Stocks to Buy in July 2022.Now it’s just pricey.Īt its July 5 price, the company’s market cap of $362 billion is still almost 39 times last year’s earnings, and over 13 times last year’s sales of $27 billion. During the bull market, Nvidia was a ferociously expensive stock. ![]()
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