Breaking Down Nvidia's Q2 Results and Forecast

The Futurum Group CEO Daniel Newman breaks down Nvidia second-quarter earnings and forecast on “Bloomberg The Close.” Nvidia said third-quarter revenue will be about $32.5 billion, the company said. Though analysts had predicted $31.9 billion on average, estimates ranged as high as $37.9 billion.

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[AmithKaury]

Strong BUY. Still early innings. NVIDIA is the dominant leader in AI and the preferred technology partner globally. Even w new competition on the horizon, NVIDIA is far ahead of the competition. 85% market share. 76% margin. Unrivaled demand for new Blackwell chip. Demand far exceeds production for Blackwell through to 2025 and beyond. No competitor has anything close to Blackwell. And forward P/E is about 33 (cheap for a high growth stock). Buy this stock and wait. You will be rewarded.

[Keneth]

We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680, 000 savings vanish after putting in so much effort to accumulate them.

[dfsafsadfsadf]

Dude, TSMC is not an Nvidia competitor or potential competitor. They don't compete against their customers. They're a contract manufacturer for Nvidia and other chip designers.

[s_streichsbier]

Pure gold this one. Clear, insightful, and actionable. Thanks!

[IndustrialBonecraft]

"It's going to have competitors, how soon?"
CUDA would like a word.

[LonnieWagner]

I see this being a very accurate strategy on consolidated markets. This strategy works best if you go to the 5 minute candles and confirm the consolidated trend. Then go down to the 30sec candles to find good trade entries

[CarolynSymank]

Your breakdown of Nvidia’s second-quarter results and forecast is really insightful. I used to get caught up in earnings estimates alone, but I’ve found that advice from experts like Dave Boozer, who focuses on market dynamics and trends, offers a more complete view. This shift in strategy has improved my investing approach, especially since I barely trade myself. For those evaluating Nvidia, it’s worth integrating a broader perspective into your analysis.

[EthelbertCoyote]

Nvidia is not a "chip" its a software system locked to hardware...lot harder to over come

[julienbonin]

Who tf was estimating 38 billion in q3 estimates.

The earnings were good and they raised guidance.

The only people who thinks their actual guidance is bad are people who factored in Blackwell revenue for q3.

Jensen never said what quarter they’ll get Blackwell revenue, just that they’ll see it this year.

I think the stock is down bc analysts expected Blackwell revenue in q3 not q4. Also, jobs data.

[Positively]

Still Nvidia is way ahead . Soon others will catch up, but it’s still a ways out.

[AlexinOslo]

AMD doesn't have the working culture that Nvidia has. It's a corporation. This is not often discussed.

[auboisdaline]

AI stocks are poised to dominate in 2024, and I'm particularly bullish on NVIDIA. They’re exceptionally well-positioned for long-term growth and play a crucial role in supporting other AI companies. I know someone who achieved over 200% returns with NVIDIA, which strengthens my confidence. I'm also open to considering the other recommendations you've made.

[gainer]

The AI future grows stronger Globally daily being led by Nvidia. VHAI.. Vocodia holdings.. GFAI.. Guardforce AI..SYM . Symbiotic... BBAI...IDAI .T Stamp and more.

[markrussum]

Amazon missed earnings and up a week later. Nvidia beat earnings and goes down.??? Why people buy Amazon and not Nvidia?

[danielstevens]

70 times earnings, how do you price the impossible? I think I will stick to my mid-tier gold mining shares, which are at an all time low, while the price of gold is at an all time high.