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NVDA

Nvidia

$160.10

2.29 (1.45%)

09:03
01/28/19
01/28
09:03
01/28/19
09:03

Nvidia: Gaming, Datacenter revenue below expectations

NVIDIA updated its financial guidance for the fourth quarter of fiscal year 2019, reflecting weaker than forecasted sales of its Gaming and Datacenter platforms. In Gaming, NVIDIA's previous fourth-quarter guidance had embedded a sequential decline due to excess mid-range channel inventory following the crypto-currency boom. The reduction in that inventory and its impact on the business have proceeded largely inline with management's expectations. However, deteriorating macroeconomic conditions, particularly in China, impacted consumer demand for NVIDIA gaming GPUs. In addition, sales of certain high-end GPUs using NVIDIA's new Turing(TM) architecture were lower than expected. These products deliver a revolutionary leap in performance and innovation with real-time ray tracing and AI, but some customers may have delayed their purchase while waiting for lower price points and further demonstrations of RTX technology in actual games. In Datacenter, revenue also came in short of expectations. A number of deals in the company's forecast did not close in the last month of the quarter as customers shifted to a more cautious approach. Despite these near-term headwinds, NVIDIA has a large and expanding addressable market opportunity in AI and high performance computing, and the company believes its competitive position is intact.

  • 25

    Feb

NVDA Nvidia
$160.10

2.29 (1.45%)

01/25/19
JEFF
01/25/19
NO CHANGE
JEFF
Buy
Nvidia removed from Franchise Pick list at Jefferies
Jefferies analyst Mark Lipacis removed Nvidia from his firm's Franchise Pick list but keeps a Buy rating on the shares.
01/17/19
JPMS
01/17/19
NO CHANGE
JPMS
JPMorgan sees bottom forming in Semi stocks ahead of second half rally
JPMorgan analyst Harlan Sur expects most of the Semiconductor companies he covers to report December quarter numbers in-line with his and consensus expectations. The stocks should start to discount improving fundamentals in the first half of 2019 and should be accumulated on any further pullbacks, Sur tells investors in a research note. While the analyst anticipates another round of consensus estimate cuts in the January earnings season, he believes further share downside is limited since many of his stocks are down 25% from the peak in March/June of last year. In large cap stocks, Sur's top pick is Broadcom (AVGO) and he also favors Nvidia (NVDA), Intel (INTC), Maxim Integrated (MXIM) and Micron Technology (MU). The analyst's small cap top picks include Inphi (IPHI) and Mellanox (MLNX). In Semi Capital Equipment, Sur favors Lam Research (LRCX).
01/17/19
SBSH
01/17/19
NO CHANGE
SBSH
On Semiconductor stocks, Citi says 'time to step in'
Citi analyst Christopher Danely says it is "time to step in" to shares of Semiconductors. Although he expects another cut to consensus estimates, he believes it will be smaller than the cut following the October quarter. This should be good for Semiconductor stocks and would indicate a bottom is forming with the worst cuts behind us, Danely tells investors in a research note previewing the sector's Q4 earnings. Less bad earnings reductions will be viewed positively given the "poor sentiment and the second derivative is improving," says the analyst. As such, Danely expects the stocks to rally during this earnings season. Names in the Semi space include AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), Nvidia (NVDA), Qualcomm (QCOM) and Texas Instruments (TXN).
01/14/19
EVER
01/14/19
NO CHANGE
Target $275
EVER
Outperform
Nvidia price target cut to $275 from $325 at Evercore ISI
Evercore ISI analyst C.J. Muse cut his price target on Nvidia to $275 from $325 and kept his Outperform rating to reflect lower multiples on gaming uncertainty, telling investors in a research note that the company continues to be a top idea into 2019. The analyst says he continues to see a path to $12-$13 earnings power into 2021 led by Turing Gaming cycle, continued dominance in Data Center Training and Autonomous Driving.

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APLS

Apellis

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1.71 (6.47%)

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AEP

American Electric

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-0.14 (-0.15%)

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AEO

American Eagle

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0.115 (0.77%)

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VRRM

Verra Mobility

$13.89

-0.14 (-1.00%)

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TIGR

UP Fintech

$3.90

-0.16 (-3.94%)

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UP Fintech accused by GeoInvesting of 'illegal money laundering scheme' »

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MERC

Mercer

$11.20

0.03 (0.27%)

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Mercer participates in a conference call with JPMorgan »

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AYX

Alteryx

$104.75

-7.58 (-6.75%)

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CPS

Cooper-Standard

$33.60

-2.77 (-7.62%)

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AVD

American Vanguard

$13.50

-1.76 (-11.53%)

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OMI

Owens & Minor

$6.85

0.42 (6.53%)

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TEVA

Teva

$7.41

0.45 (6.47%)

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Teva rises 6.3% »

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  • 07

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MS

Morgan Stanley

$42.85

0.31 (0.73%)

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Options
Size opening call buy in Morgan Stanley ahead of earnings »

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DFIN

Donnelley Financial Solutions

$11.25

0.71 (6.74%)

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Donnelley Financial Solutions rises 6.7% »

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MCK

McKesson

$145.74

7.57 (5.48%)

, ABC

AmerisourceBergen

$86.20

3.02 (3.63%)

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Early notable gainers among liquid option names on October 16th »

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MCK

McKesson

$145.74

7.57 (5.48%)

ABC

AmerisourceBergen

$86.20

3.02 (3.63%)

CAH

Cardinal Health

$49.72

1.79 (3.73%)

DO

Diamond Offshore

$5.62

0.13 (2.37%)

EQT

EQT Corporation

$9.89

0.25 (2.59%)

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GOOG

Alphabet

$1,247.70

4.17 (0.34%)

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HTHT

Huazhu Group

$33.91

-0.15 (-0.44%)

09:54
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09:54
Downgrade
Huazhu Group rating change  »

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FLS

Flowserve

$45.77

-0.07 (-0.15%)

09:52
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Periodicals
Flowserve seen as potential activist target by Dealreporter »

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  • 31

    Oct

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General news
U.S. business inventories preview: »

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