Latest news with #DanIves
Yahoo
3 days ago
- Business
- Yahoo
Nvidia Wins Praise as Analysts Cheer 'Very Bullish' AI Guidance
May 29 Nvidia's (NASDAQ:NVDA) upbeat quarterly results and guidance drew positive reactions from analysts on Wednesday, who pointed to rising global demand for AI chips despite headwinds from China. Wedbush's Dan Ives described the performance as robust and said demand signals remain strong, even with export restrictions to China. Ives noted recent deals in the Middle East, including from Saudi Arabia and the UAE, as signs of growing interest from governments in AI infrastructure. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Morgan Stanley's Joseph Moore said Nvidia's report helped ease concerns over slowing momentum, especially with signs of growth in all markets except China. He raised his price target to $170 from $160 and reaffirmed an Overweight rating. Jefferies analyst Blayne Curtis said earlier worries about supply mismatches have faded, with hyperscalers now deploying Nvidia's NVL72 systems at scale. He added that networking and gaming segments showed healthy recovery. Bank of America's Vivek Arya lifted his price target to $180 and said Nvidia's earnings potential could reach $10 per share as sovereign demand picks up. J.P. Morgan's Harlan Sur said the results reinforce Nvidia's position as a leader in the AI chip market. This article first appeared on GuruFocus. 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
3 days ago
- Business
- Yahoo
Ives on Nvidia Earnings, AI, Trade War, China
Dan Ives of Wedbush Securities talks about the latest earnings report from Nvidia. He says the chipmaker is leading the AI revolution. He also talks about the US trade war with China and Nvidia competing with Huawei. He is on "Bloomberg Surveillance."
Bloomberg
3 days ago
- Business
- Bloomberg
Ives on Nvidia Earnings, AI, Trade War, China
Dan Ives of Wedbush Securities talks about the latest earnings report from Nvidia. He says the chipmaker is leading the AI revolution. He also talks about the US trade war with China and Nvidia competing with Huawei. He is on "Bloomberg Surveillance." (Source: Bloomberg)
Bloomberg
3 days ago
- Business
- Bloomberg
Bloomberg Surveillance: Tariffs and Nvidia
Watch Tom and Paul LIVE every day on YouTube: Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney May 29th, 2025 Featuring: 1) Anastasia Amoroso, Chief Investment Strategist at iCapital, joins to talk about a resilient US economy and momentum in markets in spite of Washington uncertainty. After a US court blocked the bulk of President Donald Trump's import tariffs, it led to widespread gains in risk assets and lifted investor sentiment. 2) Dan Ives, Global Head: Technology at Wedbush Securities, reacts to Nvidia earnings and discusses the outlook for the company and Big Tech. Nvidia is ramping up production of its latest semiconductor design, Blackwell, and is offering its chips as part of whole computer systems to speed up AI deployment. 3) Andrew Gilbert, Partner at ECP, joins to discuss demand for AI data centers and the immense growth opportunity following another Nvidia earnings. Nvidia's CEO Jensen Huang is concerned about US trade restrictions on China hindering the company's long-term growth, and is appealing to the Trump administration to allow chip production for China again. 4) Wendy Schiller, professor at Brown University, discusses the latest DC headlines and how a US court blocking President Trump's tariff policy could affect his presidency and potentially his legacy. A US court has blocked many of President Trump's tariffs on imports from dozens of countries, declaring them illegal and throwing his tariff strategy into turmoil. 5) Lisa Mateo joins with the latest headlines in newspapers across the US, including a WSJ story on Paramount's relationship with the White House and Bloomberg's story on how AI is impacting hiring at Salesforce.
Yahoo
4 days ago
- Business
- Yahoo
Nvidia earnings live: Nvidia stock pops as Wall Street looks through China sales hit
Nvidia (NVDA) stock popped more than 5% in premarket trading Thursday after the poster child for artificial intelligence reported mixed first quarter results after the close on Wednesday. Positive signals from Nvidia and CEO Jensen Huang about AI infrastructure demand and the Blackwell ramp-up eclipsed an $8 billion revenue hit from the US's China export rules, according to the initial reaction from Wall Street. "There is one chip in the world fueling the AI Revolution and it's Nvidia," Wedbush's Dan Ives, one of Wall Street's biggest tech bulls, wrote in a note Wednesday. "That narrative is clear from these results and the positive commentary from Jensen." According to HSBC analyst Ryan Mellor, the results "were good enough to avoid disappointment." The AI hardware giant reported revenue of $44.1 billion for the quarter, topping analyst estimates of $43.3 billion, according to data compiled by Bloomberg. Nvidia reported $26 billion in the same period last year. Adjusted earnings per share, excluding the charge for the H20 chips, were $0.96, beating estimates for $0.93 and surpassing earnings per share of $0.61 last year. Data center revenue fell slightly short of estimates, coming in at $39.1 billion versus $39.2 billion estimated and $22.5 billion last year. Investors also zeroed in on an expected $8 billion revenue hit in the second quarter related to export rules, which banned shipments of its H20 chips to China. In an interview last week, Nvidia CEO Jensen Huang said the company had lost $15 billion in sales as a result of these rules. "The $50 billion China market is effectively closed to US industry," Nvidia CEO Jensen Huang said about the restrictions. "We are exploring limited ways to compete, but Hopper is no longer an option. China's AI moves on with or without US chips." The company's results have been powered by chip investments from some of its Big Tech peers, including Microsoft (MSFT), Amazon (AMZN), and Meta Platforms (META). Here's the latest: Nvidia's (NVDA) first quarter results left much to be desired, but it looks like Wall Street is shaking off the obvious bad news for now, Yahoo Finance's Brian Sozzi reports. Read more here on what Wall Street is saying about Nvidia's quarter. Nvidia's post-earnings call with investors was highly focused on the chipmaker's billions in lost revenue from Trump's ban on its chip exports to China. Nvidia has made specialized chips called H20 — based on the company's prior-generation Hopper AI graphics processing units (GPUs) — for export to China to comply with ever-tightening US export controls. Huang said the company will "see if we can come up with interesting products that could continue to serve the Chinese market" but said "we don't have anything at the moment." The China market accounted for a smaller share of Nvidia's revenue in the first quarter than the prior two periods — 12.5% for the three months that ended on April 27, compared with roughly 14% and 15% in the prior two quarters, respectively. Read more about Nvidia's hit from the Trump administration's new export ban here. Nvidia's earnings call just wrapped up, and the stock remains solidly higher. Shares are up over 4% just after 6 p.m. ET. We have some early reaction to Nvidia's report from one of Wall Street's biggest tech bulls, Wedbush analyst Dan Ives. In a note titled, in part, "The Godfather of AI Delivers Again," Ives called the quarter "very robust" despite clear headwinds from US curbs on its China sales. The report should be "music to the ears of tech bulls listening to this conference call," Ives wrote. Ives also highlighted recent Middle East deals as a growth catalyst despite the China headwinds. "There is one chip in the world fueling the AI Revolution and it's Nvidia. ... That narrative is clear from these results and the positive commentary from Jensen," he said. While Nvidia executives lamented lost revenue from China in the quarter, Nvidia CEO Jensen Huang offered support for President Trump's aim of building manufacturing capacity in the US. "In Houston, we're partnering with Foxconn to construct a million-square-foot factory to build AI supercomputers," he said. "Wistron is building a similar plant in Fort Worth, Texas. To encourage and support these investments, we've made substantial, long-term purchase commitments, a deep investment in America's AI manufacturing future." "Our goal, from chip to supercomputer, built in America within a year." Nvidia CEO Jensen Huang remarked on the Trump administration's ban on a less powerful version of its Hopper chips for China during a call with analysts following its first quarter earnings results: Listen live to the Nvidia earnings call here. The earnings call has begun, and Nvidia CFO Colette Kress noted that Big Tech companies continue to ramp up data center spending. "Major hyperscalers are each deploying nearly ... 72,000 Blackwell GPUs per week, and are on track to clear ramp output this quarter," Kress said. "Microsoft, for example, has already deployed tens of thousands of Blackwell GPUs and is expected to ramp to hundreds of thousands of GB200s with OpenAI as one of its key customers." Listen live to the Nvidia earnings call here Nvidia's (NVDA) latest quarterly earnings — which as a whole topped Wall Street's estimates — showed the company expects to see $8 billion in lost revenue from the Trump administration's ban on sales of its H20 AI chips to China in the second quarter (which ends in late July). That's on top of the $2.5 billion of revenue from the H20 ban the chipmaker said it lost in the first quarter (which ended April 27). That means Nvidia is set to lose $10.5 billion in revenue due to the ban in the first and second quarters of its 2026 fiscal year alone. The Trump administration effectively banned sales of Nvidia's chips to China in early April, weeks before the end of its first quarter. Nvidia's sales to China (including Hong Kong) during the period totaled $5.5 billion, less than the $6.2 billion expected, according to Bloomberg data. That means China accounted for more than 12% of the company's total revenue. Nvidia also said it took a $4.5 billion charge due to a write-down in inventory (chips it produced but now can't sell) in the first quarter due to the new export rules — less than the $5.5 billion hit expected. "We are still evaluating our limited options to supply data center GPU products compliant with the US government's revised export control rules," said CFO Colette Kress. "Losing access to the China AI accelerator market, which we believe will grow to nearly $50 billion, would have a material adverse impact on our business going forward, and benefit our foreign competitors in China and worldwide." Singapore was once again the second-largest market for Nvidia, which gets over half of its revenue (53%) from abroad. Revenue from the region was roughly $9 billion. Notably, Singapore has been a source of chip smuggling to China. Listen live to the Nvidia earnings call here. Hyperscalers, including Microsoft (MSFT), Amazon (AMZN), and Meta Platforms (META), continued to power Nvidia's results. "We saw our Blackwell architecture ramp expand to all customer categories, while large cloud service providers remained our largest at just under 50% of Data Center revenue," the company reported in its quarterly filing. Shares of Nvidia's "Magnificent Seven" Big Tech peers — Apple (AAPL), Alphabet (GOOGL, GOOG), Microsoft (MSFT), Amazon (AMZN), Meta (META), and Tesla (TSLA) — didn't swing significantly after Nvidia's earnings. Other than Nvidia, Tesla led after-hours gains in the tech stock complex, rising 1.3%, while Apple was roughly flat. The others were up less than 1%. Nvidia (NVDA) stock jumped more than 3%, as Wall Street saw strength in the chipmaker's quarter. 'I thought it was a really strong quarter, all things considered,' Benchmark Company managing director Cody Acree told Yahoo Finance (see video below). "Given all the issues with China and all of the concerns about slowing capital budgets, to see the company come in with an $8 billion loss for the Chinese revenue and still come within the marginal range of estimates, I think is a victory," Acree added. Nvidia reported record revenue of $44.1 billion in the first quarter. While that marks a 69% increase over the prior year, it pales in comparison to the 262% revenue growth the AI chip giant reported a year ago. Nvidia CEO Jensen Huang said Wednesday in the company's earnings release: Nvidia's first quarter results on Wednesday came in a bit shy of Wall Street estimates, with adjusted earnings per share and revenue in its data center business falling short of expectations. In the first quarter, Nvidia earned $0.96 per share on an adjusted basis, which excludes charges related to export controls and associated tax implications, with headline revenue coming in at $44.1 billion. Diluted earnings per share came in at $0.81. Wall Street expected the company to report adjusted earnings per share of $0.88 on revenue of $43.3 billion, according to estimates from Bloomberg. A year ago, Nvidia reported adjusted EPS of $0.61 on revenue of $26 billion. Nvidia's data center business — which captures spending on its AI chips — tallied revenue of $39.1 billion, just below the $39.22 billion forecasted by the Street. Shares of the company were up about 3% in extended trading in immediate reaction to the numbers. Nvidia (NVDA) stock has rallied hard in May, gaining 24% in the past month. That leaves many investors wondering if it's a good time to pile into the stock ahead of the chip giant's earnings report. We've pointed out here that Nvidia stock tends to swing 7% in either direction the day after it reports. My colleague Laura Bratton has also noted that Nvidia's earnings often surprise Wall Street. According to tastylive founder and CEO Tom Sosnoff, volatility in the stock is low, even heading into earnings, suggesting that "the expectations are for something rangebound to happen." Sosnoff outlined several key points investors should keep in mind when determining whether to invest in a popular name like Nvidia: Pros: "It's super liquid," Sosnoff said on Wealth. "It's got a very liquid derivatives marketplace. So you can do lots of different strategies and things like that." Sosnoff also pointed out that Nvidia remains a market leader. "It's the bluest of all blue chips right now," he said. Cons: A major con, according to Sosnoff, is that "it's a crowded trade. Nvidia is pretty fully priced." He added that "for the first time, we're not seeing any call skew in there, which means that the derivatives markets, which are pretty good at pricing upside expectations, are kind of mixed right now. They're saying, 'you know what, upside and downside, we have similar expectations.'" "So I think the con is that if Nvidia misses, there's pretty decent pot odds that the downside move could be greater than the upside move if they hit it," he explained. Yahoo Finance's Josh Schafer highlighted one chart that shows how Nvidia became the dominant chipmaker and one of the most valuable companies in the world, with a market capitalization of over $3 trillion: Check out more charts like this that show Nvidia's rise. Yahoo Finance's Laura Bratton reports: Read more here. The countdown to Nvidia's earnings has begun. Beyond the top and bottom line figures, which Wall Street expects to be solid, Yahoo Finance's Brian Sozzi and Brooke Sweeney have compiled three things that investors should watch out for: Read more here. Nvidia stock (NVDA) opened modestly higher ahead of its earnings report but fluctuated in early trading. At last check, shares were down 0.3%. While some volatility is expected, investors will be watching to see how Nvidia trades around earnings — and whether its "Magnificent Seven" tech peers and the broader market move in tandem, as AI is seen as an engine to the growth of the recent bull market. Nvidia's earnings will also create an important benchmark for other AI plays and stocks tied to the technology, such as utilities and companies involved in data center infrastructure. FT reports: Read more here. Reuters reports: Read more here. Nvidia's (NVDA) first quarter results left much to be desired, but it looks like Wall Street is shaking off the obvious bad news for now, Yahoo Finance's Brian Sozzi reports. Read more here on what Wall Street is saying about Nvidia's quarter. Nvidia's post-earnings call with investors was highly focused on the chipmaker's billions in lost revenue from Trump's ban on its chip exports to China. Nvidia has made specialized chips called H20 — based on the company's prior-generation Hopper AI graphics processing units (GPUs) — for export to China to comply with ever-tightening US export controls. Huang said the company will "see if we can come up with interesting products that could continue to serve the Chinese market" but said "we don't have anything at the moment." The China market accounted for a smaller share of Nvidia's revenue in the first quarter than the prior two periods — 12.5% for the three months that ended on April 27, compared with roughly 14% and 15% in the prior two quarters, respectively. Read more about Nvidia's hit from the Trump administration's new export ban here. Nvidia's earnings call just wrapped up, and the stock remains solidly higher. Shares are up over 4% just after 6 p.m. ET. We have some early reaction to Nvidia's report from one of Wall Street's biggest tech bulls, Wedbush analyst Dan Ives. In a note titled, in part, "The Godfather of AI Delivers Again," Ives called the quarter "very robust" despite clear headwinds from US curbs on its China sales. The report should be "music to the ears of tech bulls listening to this conference call," Ives wrote. Ives also highlighted recent Middle East deals as a growth catalyst despite the China headwinds. "There is one chip in the world fueling the AI Revolution and it's Nvidia. ... That narrative is clear from these results and the positive commentary from Jensen," he said. While Nvidia executives lamented lost revenue from China in the quarter, Nvidia CEO Jensen Huang offered support for President Trump's aim of building manufacturing capacity in the US. "In Houston, we're partnering with Foxconn to construct a million-square-foot factory to build AI supercomputers," he said. "Wistron is building a similar plant in Fort Worth, Texas. To encourage and support these investments, we've made substantial, long-term purchase commitments, a deep investment in America's AI manufacturing future." "Our goal, from chip to supercomputer, built in America within a year." Nvidia CEO Jensen Huang remarked on the Trump administration's ban on a less powerful version of its Hopper chips for China during a call with analysts following its first quarter earnings results: Listen live to the Nvidia earnings call here. The earnings call has begun, and Nvidia CFO Colette Kress noted that Big Tech companies continue to ramp up data center spending. "Major hyperscalers are each deploying nearly ... 72,000 Blackwell GPUs per week, and are on track to clear ramp output this quarter," Kress said. "Microsoft, for example, has already deployed tens of thousands of Blackwell GPUs and is expected to ramp to hundreds of thousands of GB200s with OpenAI as one of its key customers." Listen live to the Nvidia earnings call here Nvidia's (NVDA) latest quarterly earnings — which as a whole topped Wall Street's estimates — showed the company expects to see $8 billion in lost revenue from the Trump administration's ban on sales of its H20 AI chips to China in the second quarter (which ends in late July). That's on top of the $2.5 billion of revenue from the H20 ban the chipmaker said it lost in the first quarter (which ended April 27). That means Nvidia is set to lose $10.5 billion in revenue due to the ban in the first and second quarters of its 2026 fiscal year alone. The Trump administration effectively banned sales of Nvidia's chips to China in early April, weeks before the end of its first quarter. Nvidia's sales to China (including Hong Kong) during the period totaled $5.5 billion, less than the $6.2 billion expected, according to Bloomberg data. That means China accounted for more than 12% of the company's total revenue. Nvidia also said it took a $4.5 billion charge due to a write-down in inventory (chips it produced but now can't sell) in the first quarter due to the new export rules — less than the $5.5 billion hit expected. "We are still evaluating our limited options to supply data center GPU products compliant with the US government's revised export control rules," said CFO Colette Kress. "Losing access to the China AI accelerator market, which we believe will grow to nearly $50 billion, would have a material adverse impact on our business going forward, and benefit our foreign competitors in China and worldwide." Singapore was once again the second-largest market for Nvidia, which gets over half of its revenue (53%) from abroad. Revenue from the region was roughly $9 billion. Notably, Singapore has been a source of chip smuggling to China. Listen live to the Nvidia earnings call here. Hyperscalers, including Microsoft (MSFT), Amazon (AMZN), and Meta Platforms (META), continued to power Nvidia's results. "We saw our Blackwell architecture ramp expand to all customer categories, while large cloud service providers remained our largest at just under 50% of Data Center revenue," the company reported in its quarterly filing. Shares of Nvidia's "Magnificent Seven" Big Tech peers — Apple (AAPL), Alphabet (GOOGL, GOOG), Microsoft (MSFT), Amazon (AMZN), Meta (META), and Tesla (TSLA) — didn't swing significantly after Nvidia's earnings. Other than Nvidia, Tesla led after-hours gains in the tech stock complex, rising 1.3%, while Apple was roughly flat. The others were up less than 1%. Nvidia (NVDA) stock jumped more than 3%, as Wall Street saw strength in the chipmaker's quarter. 'I thought it was a really strong quarter, all things considered,' Benchmark Company managing director Cody Acree told Yahoo Finance (see video below). "Given all the issues with China and all of the concerns about slowing capital budgets, to see the company come in with an $8 billion loss for the Chinese revenue and still come within the marginal range of estimates, I think is a victory," Acree added. Nvidia reported record revenue of $44.1 billion in the first quarter. While that marks a 69% increase over the prior year, it pales in comparison to the 262% revenue growth the AI chip giant reported a year ago. Nvidia CEO Jensen Huang said Wednesday in the company's earnings release: Nvidia's first quarter results on Wednesday came in a bit shy of Wall Street estimates, with adjusted earnings per share and revenue in its data center business falling short of expectations. In the first quarter, Nvidia earned $0.96 per share on an adjusted basis, which excludes charges related to export controls and associated tax implications, with headline revenue coming in at $44.1 billion. Diluted earnings per share came in at $0.81. Wall Street expected the company to report adjusted earnings per share of $0.88 on revenue of $43.3 billion, according to estimates from Bloomberg. A year ago, Nvidia reported adjusted EPS of $0.61 on revenue of $26 billion. Nvidia's data center business — which captures spending on its AI chips — tallied revenue of $39.1 billion, just below the $39.22 billion forecasted by the Street. Shares of the company were up about 3% in extended trading in immediate reaction to the numbers. Nvidia (NVDA) stock has rallied hard in May, gaining 24% in the past month. That leaves many investors wondering if it's a good time to pile into the stock ahead of the chip giant's earnings report. We've pointed out here that Nvidia stock tends to swing 7% in either direction the day after it reports. My colleague Laura Bratton has also noted that Nvidia's earnings often surprise Wall Street. According to tastylive founder and CEO Tom Sosnoff, volatility in the stock is low, even heading into earnings, suggesting that "the expectations are for something rangebound to happen." Sosnoff outlined several key points investors should keep in mind when determining whether to invest in a popular name like Nvidia: Pros: "It's super liquid," Sosnoff said on Wealth. "It's got a very liquid derivatives marketplace. So you can do lots of different strategies and things like that." Sosnoff also pointed out that Nvidia remains a market leader. "It's the bluest of all blue chips right now," he said. Cons: A major con, according to Sosnoff, is that "it's a crowded trade. Nvidia is pretty fully priced." He added that "for the first time, we're not seeing any call skew in there, which means that the derivatives markets, which are pretty good at pricing upside expectations, are kind of mixed right now. They're saying, 'you know what, upside and downside, we have similar expectations.'" "So I think the con is that if Nvidia misses, there's pretty decent pot odds that the downside move could be greater than the upside move if they hit it," he explained. Yahoo Finance's Josh Schafer highlighted one chart that shows how Nvidia became the dominant chipmaker and one of the most valuable companies in the world, with a market capitalization of over $3 trillion: Check out more charts like this that show Nvidia's rise. Yahoo Finance's Laura Bratton reports: Read more here. The countdown to Nvidia's earnings has begun. Beyond the top and bottom line figures, which Wall Street expects to be solid, Yahoo Finance's Brian Sozzi and Brooke Sweeney have compiled three things that investors should watch out for: Read more here. Nvidia stock (NVDA) opened modestly higher ahead of its earnings report but fluctuated in early trading. At last check, shares were down 0.3%. While some volatility is expected, investors will be watching to see how Nvidia trades around earnings — and whether its "Magnificent Seven" tech peers and the broader market move in tandem, as AI is seen as an engine to the growth of the recent bull market. Nvidia's earnings will also create an important benchmark for other AI plays and stocks tied to the technology, such as utilities and companies involved in data center infrastructure. FT reports: Read more here. Reuters reports: Read more here. Sign in to access your portfolio
