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NVDA

NVIDIA reported better-than-expected Q2 financial results and issued Q3 revenue guidance above estimates. The company also approved an additional $25 billion in share repurchases, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:25 pm

AI

AMD

AVGO

MRVL

NVDA

PLTR

Shares of AI and semiconductor stocks have surged following strong earnings and guidance from NVIDIA. The positive news from NVIDIA has had a ripple effect on other companies in the sector, including AI, AMD, AVGO, MRVL, and PLTR.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:25 pm

NVDA

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).

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 8:24 pm

SPLK

Splunk reported better-than-expected Q2 financial results and issued Q3 and FY24 revenue guidance above estimates, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:24 pm

NVDA

Nvidia Corp has announced that a 'new computing era has begun' and plans to continue share repurchases this fiscal year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:23 pm

NVDA

NVIDIA's board has approved an additional $25 billion in share repurchases, with no expiration date. This move could potentially increase the company's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:22 pm

ADSK

Autodesk, Inc. (NASDAQ:ADSK) reported better-than-expected Q2 results and issued Q3 and full-year 2024 earnings per share guidance above estimates. The company reported quarterly earnings of $1.91 per share, beating the analyst consensus estimate of $1.72, and quarterly sales of $1.34 billion, beating the analyst consensus estimate of $1.32 billion. Autodesk anticipates Q3 earnings per share to be between $1.97 and $2.03, and revenue between $1.380 billion and $1.395 billion. Full-year earnings per share is estimated to be between $7.30 and $7.49, and revenue between $5.405 billion and $5.455 billion.

Portfolio Pulse from Ryan Gustafson

August 23, 2023 | 8:22 pm

ZUO

Zuora has projected its earnings to be between $0.21 and $0.23 per share, higher than the estimated $0.16. However, the company's revenue forecast of $428M-$433M is lower than the estimated $436.69M.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:21 pm

NVDA

NVIDIA reported Q2 sales of $13.51 billion, beating the analyst consensus estimate of $11.22 billion by 20.41 percent. This represents a 101.52 percent increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:21 pm

SNOW

Snowflake Inc's Q2 earnings beat expectations with a 36% YoY increase in revenue to $674.02 million, surpassing the consensus estimate of $662.24 million. The company reported earnings of 25 cents per share, beating analyst estimates of 10 cents per share. Despite the positive results, Snowflake's shares fell in after-hours trading. The company is optimistic about its positioning to deliver data for the AI boom.

Portfolio Pulse from Adam Eckert

August 23, 2023 | 8:20 pm