Nvidia Sees Q3 Revenue Of $16B +/- 2% Vs $12.61B Est
Portfolio Pulse from Happy Mohamed
Nvidia has projected its Q3 revenue for fiscal 2024 to be around $16 billion, a significant increase from the estimated $12.61 billion. The company also expects GAAP and non-GAAP gross margins to be 71.5% and 72.5% respectively, and operating expenses to be approximately $2.95 billion (GAAP) and $2.00 billion (non-GAAP).
August 23, 2023 | 8:24 pm
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Nvidia's projected increase in Q3 revenue for fiscal 2024 could potentially boost its stock price in the short term.
Nvidia's projected increase in Q3 revenue for fiscal 2024 is significantly higher than the estimated $12.61 billion. This positive financial outlook could potentially attract more investors, leading to an increase in demand for the company's stock and subsequently, a rise in its stock price.
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