Nvidia kept its expectation-beating streak alive with its latest earnings.The company also announced a stock split to boost investor appeal, with positive sentiment likely to fuel a rally above $1,000.
This marks over a year of uninterrupted positive surprises, driving demand and pushing share prices potentially above the critical $1,000 mark."The next industrial revolution has begun - companies and countries are working with Nvidia to move $1 trillion worth of traditional data centers to accelerated computing and build a new type of data center."
Looking ahead, Nvidia forecasts continued growth, with next quarter's revenue expected to reach $28 billion, with a 2% deviation. Gross margins are projected at 74.8% GAAP and 75.5% non-GAAP, with a potential deviation of 50 basis points. Central to this anticipated success are the new Blackwell chips, now in full production, attracting eager buyers among major tech giants.
The prevailing scenario points to continued growth, with NVIDIA likely to remain above the $1,000 barrier in the short term. Investors are optimistic about the company's prospects, anticipating robust performance that could solidify its position at these elevated levels.Search for the best stocks based on your expectations, taking into account hundreds of financial metrics.not to mention those we plan to add in the near future.The author does not own any of these shares.
Source: News Formal (newsformal.com)
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