Nvidia on average is expected to post on Wednesday adjusted earnings of 71 cents a share, down from $1.17 a share a year ago, according to analysts surveyed by FactSet. Here are two big questions $NVDA investors want answers to.
How Nvidia Corp.’s gambit to salvage $400 million in at-risk data-center sales to China will play out and when gaming-card sales will normalize as the sector faces a crowded holiday lineup appear to be the two big questions investors want answers to this week.
Rolland, who has a positive rating on the stock and a $180 price target, said that while he has a good read on the company’s gaming business, the data-center business is more difficult to predict because it’s unclear how many A800s would make up for the estimated $400 million in lost A100 sales. Just a month after its launch, Nvidia’s flagship RTX 4090 card is in stock and selling, according to more than a few online retailers suggested by Nvidia, for around $2,300, compared with the suggested retail price of $1,599. The RTX 4080, which starts at $1.199, is scheduled for release on Wednesday, the same day as the earnings report comes out, while the last-generation low-end RTX 3060 Ti is selling online for around $400 and the RTX 3080 Ti for $900.
Stock movement: Over Nvidia’s third, or October-ending, quarter, shares dropped 25.7%, while the PHLX Semiconductor Index SOX, -0.97% fell 19.6% over that period. Meanwhile, the S&P 500 index SPX, -0.89% declined 6.2%, while the Nasdaq Composite Index COMP, -1.12% shed 11.3%.
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