What To Expect From Nvidia And Its Semiconductor Rivals In This Week's Earnings Setup
Portfolio Pulse from Priya Nigam
Semiconductor companies Nvidia, Analog Devices, and indie Semiconductor are set to report earnings this week amidst a robust demand for AI infrastructure. Analyst John Vinh of KeyBanc Capital Markets expects Nvidia to outperform with strong earnings, driven by demand for H100 GPUs, while Analog Devices and indie Semiconductor are anticipated to report in-line results with slight adjustments due to market conditions. Shares of all three companies saw movements ahead of the earnings release.
February 20, 2024 | 6:02 pm
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POSITIVE IMPACT
Nvidia is anticipated to report strong earnings, outperforming expectations with significant demand for H100 GPUs.
Nvidia's expected outperformance is driven by high demand for its H100 GPUs, indicating strong growth potential and investor interest.
CONFIDENCE 85
IMPORTANCE 95
RELEVANCE 90
NEUTRAL IMPACT
Analog Devices is expected to report in-line results, with slight adjustments due to market conditions in the industrial and auto sectors.
Analog Devices' in-line earnings expectations reflect market adjustments, indicating a stable but cautious outlook.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
indie Semiconductor expected to report in-line results, facing slight pressure in the auto sector.
indie Semiconductor's in-line earnings reflect challenges in the auto sector, yet the company manages to meet expectations.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70