NVDA Earnings Summary (Patreon)
Published:
2023-11-22 01:05:52
Imported:
2023-11
Content
Overall a great earnings report but to bounce after market it needed to be beyond great with solid guidance. It was not. My gambit has paid off so far.
- Nvidia's third-quarter earnings beat analyst expectations, driven by strong demand for its AI chips.
- Revenue increased 34% from the prior quarter and 206% from a year ago.
- The company provided strong revenue guidance for the current quarter.
- However, new restrictions on chip exports to China are expected to weigh on results in the fourth quarter.
- The company expects sales to China to decline significantly in the fourth quarter, but believes the decline will be offset by strong growth in other regions.