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Why this is a must-watch in Nvidia's earnings report
Nvidia's (NVDA) upcoming earnings day may boil down to one key question: Will China be part of its outlook? "If NVDA were to include China in its guidance, we believe it would contribute an incremental $2-3 billion in revenue," KeyBanc Capital Markets analyst John Vinh wrote in a new note. Vinh expects strong Q2 results, driven by demand for Nvidia's Blackwell GPUs. But he warned that guidance for Q3 could be conservative, given uncertainty around US export licenses to China. Still, KeyBanc reiterated its Overweight rating and lifted its price target to $215 from $190, pointing to Nvidia's central role in the AI boom and supply-demand dynamics that remain firmly in its favor. Nvidia's near-term growth story looks solid without China. Supply of Nvidia's Blackwell B200 GPU jumped 40% in Q2 and could rise another 20% in Q3, according to Vinh. Simultaneously, shipments of the more advanced Blackwell Ultra (B300) are ramping up, reinforcing Nvidia's dominance in AI chips. KeyBanc raised its full-year shipment forecast for Nvidia's rack-sale AI systems, known as GB200. The firm now expects 30,000 units to ship this year, up from 25,000 previously, citing stronger yields and improved supply-chain execution. For now, KeyBanc assumes Nvidia will exclude China revenue from its guidance. That mirrors the approach of Advanced Micro Devices (AMD), which earlier this month left China out of its outlook amid the same regulatory uncertainty. The Chinese impact on Nvidia is significant. KeyBanc raised its Q2 revenue estimate to $47.1 billion from $45.1 billion, above Wall Street's consensus of $45.7 billion. It raised earnings per share to $1.05 from $0.99, slightly above consensus of $1.00. But with Nvidia agreeing to pay 15% of Chinese chip sales to the US government, plus China's push for domestic AI chips, the company is likely to adopt a more conservative stance on its financial forecast. For Q3, KeyBanc cut its revenue estimates to $50.4 billion from $53.5 billion, versus a consensus of $52.6 billion. EPS was clipped to $1.14 from $1.22, below the Street's consensus of $1.19. Longer term, KeyBanc trimmed fiscal 2026 forecasts on China risks, but boosted 2027 expectations on stronger rack shipments due to accelerating spending by hyperscalers like Amazon (AMZN), Microsoft (MSFT), and Google (GOOG). Wall Street remains bullish. Morgan Stanley recently called Nvidia the most undervalued megacap stock in the market. Its shares are up more than 30% year to date and over 35% in the past 12 months. Francisco Velasquez is a Reporter at Yahoo Finance. He can be reached on LinkedIn and X, or via email at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 minutes ago
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US Senator Sanders favors Trump plan to take stake in Intel
WASHINGTON (Reuters) -Liberal U.S. Senator Bernie Sanders on Wednesday threw his support behind Republican President Donald Trump's plan to convert up to $10.9 billion in U.S. grants for Intel into a government stake in the company. "If microchip companies make a profit from the generous grants they receive from the federal government, the taxpayers of America have a right to a reasonable return on that investment," Sanders, an Independent who caucuses with Democrats, said in a statement to Reuters. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Rising Phoenix Capital sells mineral package in Barnett Shale, US
Boutique investment company Rising Phoenix Capital has completed the sale of a significant mineral package in the Barnett Shale, Denton County, Texas, US. The 661.88-net-royalty-acre asset, operated by BKV Barnett, was a component of the Rising Phoenix Royalty Fund III and is known for its high cash flow and development potential. While the industry's attention has largely turned to the Permian Basin, Rising Phoenix Capital has strategically capitalised on assets in less targeted areas like the Barnett Shale. Rising Phoenix Capital CEO and founder Jace Graham said: 'We are active in the Permian, but we also look for opportunities in areas like the Barnett Shale, where competition is lower, pricing can be more favourable, and the right deals can deliver strong, stable returns.' The company acquired the Denton County asset from a commercial land development company, recognising early signs of renewed drilling interest. BKV Barnett's development activities have since confirmed, with two wells completed in June 2023, two last December and three more spudded in March of this year. Jace Graham said: 'This was a classic example of what we look for: strong current cash flow with identifiable upside. 'BKV's activity added value for our fund, and we were able to complete a sale that generated excellent returns for our investors while still leaving some meat on the bone for the buyer to monetise.' The details of the buyer and the sales price remain confidential; however, the transaction is expected to elevate the performance of Rising Phoenix Royalty Fund III towards the higher end of its expected returns. Rising Phoenix Capital's strategy concentrates on acquiring cash-flowing, yield-generating oil and gas mineral assets with stable production and development potential. Graham, who manages a portfolio for Rising Phoenix Capital, oversees around 16,000 net royalty acres in the Barnett Shale. This is part of a broader portfolio that spans various US basins. For investors looking for managed opportunities in the energy sector, Rising Phoenix Capital's La Plata Peak Fund is designed to provide monthly income and capital appreciation by targeting producing mineral assets with development upside across multiple basins. Currently, Rising Phoenix Capital is accepting subscriptions for this fund, offering diversified mineral portfolios with immediate cash flow and long-term growth potential. In a recent expansion of its portfolio, the company purchased mineral interests in the Midland Basin managed by ConocoPhillips. "Rising Phoenix Capital sells mineral package in Barnett Shale, US" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
