Inside Nvidia's Stellar Q2 Forecast: Diverse Product Ramps And Strategic Supply Chain Maneuvers, Analyst Says
Portfolio Pulse from Anusuya Lahiri
Nvidia's Q2 revenue guidance is 53% above consensus, driven by diverse product ramps and strategic supply chain maneuvers. Truist analyst William Stein reiterated a Buy rating on Nvidia Corp (NASDAQ:NVDA).
June 01, 2023 | 8:34 pm
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Nvidia's Q2 revenue guidance is 53% above consensus, driven by diverse product ramps and strategic supply chain maneuvers. Truist analyst William Stein reiterated a Buy rating on the stock.
The 53% above-consensus Q2 revenue guidance is a result of diverse product ramps and strategic supply chain maneuvers. This includes passing higher prices from the foundry to end customers, ramping revenue in a wide variety of products and form factors, and supply chain partners sitting on bloated inventory. The positive outlook from Truist analyst William Stein, who reiterated a Buy rating on Nvidia, further supports the potential short-term positive impact on the stock.
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