might be in the midst of the worst pandemic in a century, but it doesn’t seem
to be slowing down premium graphics chipmaker Nvidia (NASDAQ: NVDA) stock all
stock is regularly hitting new all-time highs these days, and some of the buzz
built into the stock price is due to its help in the fight against Covid-19.
graphics chips do more than just power video game consoles and gaming PCs. They
are also used in many of the biggest tech trends of the past decade, including
data center management, cryptocurrency mining, and artificial intelligence.
more recently, Nvidia’s chips have been used by researchers studying the genome
of the novel coronavirus. And taking it a step further, Nvidia recently asked
gamers using its chips to donate spare processing capacity to the effort.
Corp. could escape severe effects from COVID-19 because of the strong demand
for artificial intelligence capabilities in cloud data centers and a whole
bunch of people playing videogames.
(NVDA), +1.86% is expected to top $1 billion in quarterly data-center sales for
the first time when it reports first-quarter earnings after the close of
trading on Thursday, even as it launches new products in that area. Sales of
gaming chips are expected to grow roughly 25% from last year as Americans
sheltering in place turn to virtual worlds for entertainment.
for Nvidia have slipped only barely since the coronavirus began to sweep across
the globe, as analysts see continuing demand for its products and continuing
strong results from other large chip makers. Intel Corp. INTC, +4.66%, and
Advanced Micro Devices Inc. AMD, +1.65% have shown the chip sector is
benefiting from increased demand from PC and gaming console makers as a result of
shelter-in-place mandates from COVID-19, while the infrastructure that supports
digital work/play-from-home lifestyles — namely, data centers — is also
receiving a boost.
in the positioning of Nvidia and semiconductors, in general, has led investors
to push the company’s stock to record highs, picking back up from when the
company reported fourth-quarter earnings on Feb. 14, about a month before the
COVID-19 pandemic was declared.
the numbers are saying?
Analysts surveyed by FactSet expect Nvidia, on average, to report revenue of
$2.98 billion, up from $2.22 billion in the year-ago period. Nvidia had
forecast revenue of $2.94 billion to $3.06 billion for the quarter in February.
Analysts have barely budged from an average forecast of $3 billion at the end
of February despite the spread of COVID-19.
expect a 24% rise in gaming sales to $1.3 billion from a year ago, and a 62%
surge in data-center sales to $1.03 billion, which would be Nvidia’s
first-quarter where data-center sales top the billion-dollar mark. In the
fourth quarter, data-center sales came in at a record of $968 million.
All information on this website is of a general nature. The information is not adapted to conditions that are specific to your person or entity. The information provided can not be considered as personal, professional or legal advice or investment advice to the user.
Signal Factory is not represented as a registered investment consultant or brokerage dealer nor offers to buy or sell any of the financial instruments mentioned in the service offered.
While Signal Factory believes that the content provided is accurate, there are no explicit or implied warranties of accuracy. The information provided is believed to be reliable; Signal Factory does not guarantee the accuracy or completeness of the information provided. Third parties refer to Signal Factory to provide technology and information if a third party fails, and then there is a risk that the information may be delayed or not delivered at all.
All information and comments contained on this website, including but not limited to, opinions, analyzes, news, prices, research, and general, do not constitute investment advice or an invitation to buy or sell any type of instrument. Signal Factory assumes no responsibility for any loss or damage that may result, directly or indirectly, from the use or dependence on such information.
All information contained on this web site is a personal opinion or belief of the author. None of these data is a recommendation or financial advice in any sense, also within the meaning of any commercial act or law. Writers, publishers and affiliates of Signal Factory are not responsible for your trading in any way.
The information and opinions contained in the site are provided for information only and for educational reasons, should never be considered as direct or indirect advice to open a trading account and / or invest money in Forex trading with any Forex company . Signal Factory assumes no responsibility for any decisions taken by the user to create a merchant account with any of the brokers listed on this website. Anyone who decides to set up a merchant account or use the services, free of charge or paid, to any of the Forex companies mentioned on this website, bears full responsibility for their actions.
Any institution that offers a service and is listed on this website, including forex brokers, financial companies and other institutions, is present only for informational purposes. All ratings, ratings, banners, reviews, or other information found for any of the above-mentioned institutions are provided in a strictly objective manner and according to the best possible reflection of the materials on the official website of the company.
Forex trading is potentially high risk and may not be suitable for all investors. The high level of leverage can work both for and against merchants. Before each Forex investment, you should carefully consider your goals, past experience and risk level. The opinions and data contained on this site should not be considered as suggestions or advice for the sale or purchase of currency or other instruments. Past results do not show or guarantee future results.
Neither Signal Factory nor its affiliates ensure the accuracy of the content provided on this Site. You explicitly agree that viewing, visiting or using this website is at your own risk.