On the other hand, if they miss, the stock may move lower. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 16. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. Cards that should cost $599 are going for well north of $1,000, and finding any near their original prices is a pointless endeavor.The market expects Nvidia ( NVDA Quick Quote NVDA - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended January 2022. The company’s consumer graphics cards are incredibly scarce thanks to a run on them by both cryptominers and resellers using bots to grab as many cards as possible.Īs a result, cards are selling for hundreds of dollars above their manufacturer’s suggested retail price. The company’s stock is up 125% year-to-date, and it’s fresh off of debuting new hardware and software related to its metaverse platform, called Omniverse, its self-driving vehicle initiatives, and its artificial intelligence work.īut Nvidia, like other chipmakers, has also been stung by the chip shortage. To say Nvidia has had an incredible run in 2021 would be an understatement. NVIDIA RTX has reinvented computer graphics with ray tracing and AI, and is the ideal upgrade for the large, growing market of gamers and creators, as well as designers and professionals building home workstations." “Demand for NVIDIA AI is surging, driven by hyperscale and cloud scale-out, and broadening adoption by more than 25,000 companies. "The third quarter was outstanding, with record revenue,” Nvidia CEO Jensen Huang said in a statement. This content is not available due to your privacy preferences.
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