NVDA Aug 2024 1100.000 put
- Yahoo Finance Video
Nvidia tops earnings, House considers crypto framework: Market Domination Overtime
Nvidia's (NVDA) fiscal first-quarter earnings results are the biggest story in this installment of Market Domination Overtime with Julie Hyman and Josh Lipton. The Dow Jones Industrial Average (^DJI) dropped 200 points ahead of Nvidia's standout earnings figures. Nvidia ended up beating estimates for its 2025 first-quarter, posting revenue of $26 billion (expected $24.69 billion) and adjusted earnings of $6.12 per share (expected $5.65 per share). Defiance ETFs CEO and CIO Sylvia Jablonski sat down with Yahoo Finance to discuss the lasting impact on markets, tech, and other industries. VF Corp (VFC) and Synopsys (SNPS) shares react to their latest earnings data. Yahoo Finance's Jennifer Schonberger also break down the latest news out of Washington, D.C. regarding the the Financial Innovation and Technology for the 21st Century Act — or FIT21 — that could provide a regulatory framework for cryptocurrency. Both bitcoin (BTC-USD and ethereum (ETH-USD) prices are moving on this news as experts look ahead to how the Senate will vote on this if it passes through the House. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Why this analyst says Nvidia is not a stock to buy
The moment markets have been eagerly awaiting has finally arrived. Nvidia (NVDA) has released its first quarter earnings report, surpassing expectations on both revenue and profitability. D.A. Davidson Managing Director Gil Luria joins Asking for a Trend to discuss why he believes Nvidia is not a stock to buy despite its current performance. Luria acknowledges that Nvidia's results were "great," though "it shouldn't be too surprising" given their customers forewarned about increased spending on Nvidia's products. He pointed out that tech companies are engaged in an "arms race" to acquire as much generative AI capacity as possible, creating significant demand for the semiconductor company. However, Luria cautions that with more companies looking to rival Nvidia, "that's what you have to start thinking about for next year and the year after that." He emphasizes that these emerging competitive threats are something investors should closely monitor. For this reason, Luria says Nvidia is not currently a stock to buy: the company's "own customers" will be competing with them, leading to a revenue decline. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Angel Smith
- Yahoo Finance Video
Nvidia announces stock split, posts Q1 earnings beat
Nvidia (NVDA) made a lot of headlines while posting its fiscal 2025 first quarter results. The tech giant posted adjusted earnings per share of $6.12 versus the Street's $5.65 estimate. Revenue of $26.04 billion was better than the Bloomberg consensus of $24.69 billion and up 262% from a year ago. Data center revenue rose 427% from a year ago to $22.6 billion, topping expectations of $21.13 billion. Nvidia also announced a 10-for-1 stock split that will occur after the market close on June 7. The company is also raising its dividend from $0.04 to $0.10, which the company says is equivalent to $0.01 per share on a post-split basis. For the second quarter, Nvidia expects to report revenue of $28 billion, plus or minus 2%, compared to the $26.6 billion estimate. Yahoo Finance's Julie Hyman, Dan Howley and Josh Lipton break down Nvidia's latest quarterly report. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Stephanie Mikulich.
