Nvidia Sees GAAP And Non-GAAP Gross Margins Are Expected To Be 71.5% And 72.5%, Respectively, Plus Or Minus 50 Basis Points
Portfolio Pulse from Happy Mohamed
Nvidia has projected its GAAP and non-GAAP gross margins to be 71.5% and 72.5%, respectively, with a possible variation of 50 basis points.
August 23, 2023 | 8:23 pm
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Nvidia's projected gross margins indicate strong profitability, which could positively impact its stock price.
Gross margin is a key profitability indicator. Nvidia's high projected gross margins suggest strong profitability, which is typically well-received by investors and can drive the stock price up.
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