When is nvda earnings date11/9/2022 You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely. Stocks and commodities are more normally bought and held for longer. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.ĬFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. with 1st Day and 7th Day Price Change Add to Watchlist (Why) Below table tells us that how NVDA has been historically reacting after Earnings Announcement (EA). #When is nvda earnings date full#But with traditional trading, you buy the assets for the full amount. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.ĬFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. You can still benefit if the market moves in your favour, or make a loss if it moves against you. The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD. The difference between trading assets and CFDs Investors can expect this topic to be discussed on the upcoming second-quarter earnings call.Īs Huang is quoted as saying in a Nvidia blog, "The CPU is for general-purpose computing, the GPU is for accelerated computing, and the DPU, which moves data around the data center, does data processing.US30 US Wall Street 30 (USA 30, Dow Jones) "We are gearing up for the largest wave of new products in our history with new GPU, CPU, DPU, and robotics processors ramping in the second half" of the fiscal year, CEO Jensen Huang said in last quarter's earnings release. These results would represent year-over-year growth of 14% and 18%, respectively. For the fiscal third quarter (the August through October period), analysts are currently modeling for adjusted EPS of $1.33 on revenue of $8.38 billion. Guidance that's notably different from what Wall Street is expecting will likely move Nvidia stock. This category includes sales of the company's cryptocurrency mining processor (CMP), which will fluctuate along with the cryptocurrency market. Results in the OEM and other category will be volatile. Wall Street had been looking for revenue and adjusted EPS of $8.12 billion and $1.29, respectively, so Nvidia comfortably exceeded both expectations. EPS adjusted for one-time items - which is the earnings metric investors should focus on - surged 49% to $1.36. EPS on the basis of generally accepted accounting principles ( GAAP) declined 16% year over year to $0.64, which includes an after-tax charge of $0.52 related to the termination of the Arm acquisition deal. Growth was driven by record revenue in the gaming and data center platforms. *Calculated by the author based on the metrics for which management provides guidance.įor context, last quarter, Nvidia's revenue jumped 46% year over year (and 8% sequentially) to a record $8.29 billion. Fiscal Q2 2023 covers the May-through-July 2022 period. Wall Street's Fiscal Q2 2023 Consensus Estimateĭata sources: Nvidia and Yahoo! Finance. Here's what to watch in the company's Q2 report. Long-term investors should focus on how well Nvidia seems to be setting itself up for long-term growth. The current global environment is characterized by high inflation, slowing economic growth, and supply chain bottlenecks stemming mainly from the pandemic. Management was likely being more conservative than usual given the challenging macroeconomic environment. However, Nvidia's second-quarter guidance for both the top and bottom lines came in lower than analysts had been expecting. That marked at least the eighth consecutive quarter that the company has topped analysts' earnings projection. On the positive side, last quarter, investors drove the stock up 5.2% after the company beat Wall Street's consensus estimates for both revenue and earnings. Investors will probably be approaching the technology giant's report with cautious optimism. An analyst conference call is scheduled for the same day at 5 p.m. Nvidia ( NVDA -6.13%) is slated to report its second-quarter results for fiscal 2023 (the May to July 2022 period) after the market closes on Wednesday, Aug.
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