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Reading: Preview of Nvidia’s Q2 Earnings: Focus on NVDA After Market Close
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Gulf Press > Uncategorized > Preview of Nvidia’s Q2 Earnings: Focus on NVDA After Market Close
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Preview of Nvidia’s Q2 Earnings: Focus on NVDA After Market Close

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Last updated: 2024/08/28 at 3:20 PM
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Nvidia is set to release their fiscal 2025 Q2 earnings after the closing bell on Wednesday, with expectations for adjusted EPS of $0.64 and a 10% revenue increase from the first quarter. The delay in the release of their Blackwell chips has caused concern among traders, with worries that this could impact the broader market indices. The options market is predicting a significant move in market cap once the results are announced.

Semiconductors are essential components in computers, with companies like Nvidia, AMD, and Qualcomm involved in chip design, manufacturing, and testing. The industry follows Moore’s Law, which states that the number of transistors on a chip doubles every two years, leading to advancements in semiconductor technology. In 2022, the global semiconductor industry generated revenues close to $600 billion and shipped 1.15 trillion semiconductor units.

Nvidia stock has faced resistance at $130 recently, with support levels at the 50-day, 100-day, and 200-day Simple Moving Averages. Bears are watching key levels at $92 and $96 in case of a significant downturn. Analysts are closely monitoring the company’s earnings release for insights into future guidance and the impact of the Blackwell chip delay on revenue projections.

Investors are eagerly awaiting Nvidia’s fiscal 2025 Q2 earnings results, with expectations for adjusted EPS of $0.64 and a 10% increase in revenue from the first quarter. The delay in the release of the Blackwell chips has raised concerns among traders, with fears that this could have a ripple effect on the broader market indices. The options market is predicting a substantial move in market cap as CEO Jensen Huang addresses shareholders.

Semiconductors play a crucial role in the computing industry, with companies like Nvidia, AMD, and Qualcomm involved in chip design, manufacturing, and testing. The industry follows Moore’s Law, which drives advancements in semiconductor technology by doubling the number of transistors on a chip every two years. Analysts are closely monitoring Nvidia’s earnings release for insights into future guidance and the impact of the Blackwell chip delay on revenue projections.

Nvidia stock has faced resistance at $130 recently, with support levels at key moving averages like the 50-day, 100-day, and 200-day. Bears are watching levels at $92 and $96 in case of a major downturn. The company’s earnings results will provide valuable insights into the company’s performance and the potential implications of the Blackwell chip delay on its future prospects. Traders and investors are eagerly awaiting the earnings release to make informed decisions about their positions in the market.

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News Room August 28, 2024
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