Nvidia's 'secret sauce' isn't just its chips, strategist says
Nvidia (NVDA) is scheduled to report fiscal first-quarter earnings results after the market's closing bell on Wednesday, May 22. All eyes are on the chip maker as Wall Street analysts expect its latest figures could be the next big 2024 market catalyst.
Niles Investment Management Founder and Portfolio Manager Dan Niles joins Josh Lipton on Yahoo Finance's Asking for a Trend to talk about the trajectory of Nvidia's stock going into this earnings print — up already 98% year-to-date — and the timeline of its new Blackwell GPU.
"And if you think about the prior quarter, expectations were sky-high going into that as well and the stock still rallied about 16% after the print," Niles says. "Today was interesting in that you got a headline that I would have thought would have knocked the stock down, which was Amazon Web Services confirming through a spokesperson that they were taking some of the orders they had for the current generation of chips and moving those to the next generation of chips coming out called Blackwell, which comes out later this year."
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
Видео Nvidia's 'secret sauce' isn't just its chips, strategist says канала Yahoo Finance
Niles Investment Management Founder and Portfolio Manager Dan Niles joins Josh Lipton on Yahoo Finance's Asking for a Trend to talk about the trajectory of Nvidia's stock going into this earnings print — up already 98% year-to-date — and the timeline of its new Blackwell GPU.
"And if you think about the prior quarter, expectations were sky-high going into that as well and the stock still rallied about 16% after the print," Niles says. "Today was interesting in that you got a headline that I would have thought would have knocked the stock down, which was Amazon Web Services confirming through a spokesperson that they were taking some of the orders they had for the current generation of chips and moving those to the next generation of chips coming out called Blackwell, which comes out later this year."
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
Видео Nvidia's 'secret sauce' isn't just its chips, strategist says канала Yahoo Finance
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
Halliburton posts earnings beat, raises dividendEV demand flashed a 'false signal' exiting COVID, Ford vice chair saysInterest rate outlook: Don't count out possibility of two cuts, portfolio manager saysOracle announces cloud deals with Google, OpenAIApple AI announcements are 'table stakes': StrategistMarkets: ‘There is always a chance’ for a Santa Claus rally, strategist saysInvesting and analysis: Why seasonality, technicals and elections are important for investorsApple surpasses Microsoft as most valuable US companyPortfolio manager discusses where to invest amid high interest ratesMortgage rates tick down to 6.95%Tech sector will 'grow into' high valuations: StrategistStock market today: Nasdaq surges 2% as Big Tech leads rally after earningsAffirm’s founder talks Apple partnership, Elon Musk, & AIStock market today: S&P 500, Nasdaq soar to fresh records and Fed sees improving outlook | June 12Stock market 'is expensive' and complacent about geopolitical risk, strategist saysHow global elections and supply chain challenges impact marketsStrategist discusses the outlook for rate hikes in Japan and EuropeIEA warns of 8M barrel per day oil surplus by 2030Markets are 'too hyper-focused' on the Fed, strategist saysHow interest rates affect your savings and buying a home: Wealth!Why small caps, cyclicals are 'an exciting opportunity'