Munster Says Nvidia's Q2 Triumph Outshines Apple's Glory Days, Q3 Guidance 'Lights-Out-Good'
Portfolio Pulse from Shanthi Rexaline
Nvidia Corp. (NASDAQ:NVDA) reported better-than-expected Q2 results and guided Q3 revenue to $1.6 billion, exceeding consensus estimates. The company's performance has been praised by analysts, with Gene Munster of Deepwater Asset Management stating that even Apple did not see two consecutive quarters of 30% plus revenue guide ups during its peak. However, questions have been raised about the sustainability of the growth rates.
August 24, 2023 | 7:02 am
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POSITIVE IMPACT
Nvidia's strong Q2 results and positive Q3 guidance could boost investor confidence and potentially drive the stock price up in the short term. However, concerns about the sustainability of the growth rates could introduce some uncertainty.
Nvidia's better-than-expected Q2 results and positive Q3 guidance indicate strong performance, which is likely to boost investor confidence and drive the stock price up in the short term. However, the question raised about the sustainability of the growth rates could introduce some uncertainty, potentially impacting the stock's performance in the longer term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100