NVIDIA's Explosive Q2 Earnings Report Sends Multiple Semiconductor, AI-Related Stocks Higher In Sympathy
Portfolio Pulse from Ryan Gustafson
NVIDIA Corp reported strong Q2 financial results and Q3 guidance, leading to a rise in its stock price and those of several other semiconductor and AI-related stocks. NVIDIA's Q2 earnings were $2.70 per share, beating the analyst consensus estimate of $2.09. The company also reported quarterly sales of $13.51 billion, surpassing the analyst consensus estimate of $11.22 billion. NVIDIA's Q3 revenue guidance is $16.00 billion, plus or minus 2%. Stocks that gained in sympathy with NVIDIA include C3.ai Inc, Palantir Technologies Inc, Advanced Micro Devices, Inc., Marvell Technology Inc., and Taiwan Semiconductor Mfg. Co. Ltd.
August 23, 2023 | 10:12 pm
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POSITIVE IMPACT
C3.ai Inc's stock price rose in sympathy with NVIDIA's strong Q2 earnings.
C3.ai Inc's stock price rose as NVIDIA, a company in the same sector, reported strong Q2 earnings.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Advanced Micro Devices, Inc.'s stock price rose in sympathy with NVIDIA's strong Q2 earnings.
Advanced Micro Devices, Inc.'s stock price rose as NVIDIA, a company in the same sector, reported strong Q2 earnings.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Marvell Technology Inc.'s stock price rose in sympathy with NVIDIA's strong Q2 earnings.
Marvell Technology Inc.'s stock price rose as NVIDIA, a company in the same sector, reported strong Q2 earnings.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
NVIDIA reported strong Q2 earnings and Q3 guidance, leading to a rise in its stock price.
NVIDIA's strong Q2 earnings and Q3 guidance exceeded analyst expectations, leading to a positive impact on its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Palantir Technologies Inc's stock price rose in sympathy with NVIDIA's strong Q2 earnings.
Palantir Technologies Inc's stock price rose as NVIDIA, a company in the same sector, reported strong Q2 earnings.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Taiwan Semiconductor Mfg. Co. Ltd.'s stock price rose in sympathy with NVIDIA's strong Q2 earnings.
Taiwan Semiconductor Mfg. Co. Ltd.'s stock price rose as NVIDIA, a company in the same sector, reported strong Q2 earnings.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50