Latest news with #DavidO'Connor
Yahoo
29-05-2025
- Business
- Yahoo
Nvidia reports Q1 earnings this week: Here's what to expect
Nvidia's earnings have become some of the most closely watched numbers on Wall Street. The company makes up about 6.5% of the Nasdaq 100 and 5.5% of the S&P 500, so a good quarter can send the Nasdaq index soaring. A marginal or poor one can send it tumbling. Lego's first book nook is an addictively interactive diorama The return-to-office mandate is here. So is the open office. One has to go. Homebuilder unsold inventory swells to 2009 levels: Housing markets to watch On Wednesday, May 28, after the market closes, the innovative chip giant will report its fiscal first-quarter results for 2025, and expectations are once again high. Analysts expect Q1 revenue to grow 66% year over year to $43.28 billion, according to the London Stock Exchange Group (LSEG). That's not the 262% increase it had in Q1 of last year, but it's still an impressive advance. Adjusted earnings are expected to come in at $0.73 per share. Nvidia stock (Nasdaq: NVDA) is already on the rise in advance of earnings, gaining more than 3% as of 3 p.m. ET Tuesday, with shares topping $135. Year to date, shares of NVDA are down 2%. Despite the high hopes, though, Nvidia is facing some substantial obstacles—and investors will be looking to see what sort of impact those will have. Last month, the Trump administration put export limits on Nvidia's H20 chip. That led the company to announce a Q2 write-down of $5.5 billion that was related to inventory and purchase commitments for the chip. The longer-term impact of those restrictions could be worse. David O'Connor, of BNP Paribas, wrote in a note Tuesday: 'This inventory write-off implies a $15 billion H20 revenue hit on a rolling 12-month basis.' The limitations on sales to China could wreak some havoc in the near term for Nvidia. Bank of America analysts warned that guidance for the second quarter could be 'messy,' saying '[Nvidia] could guide [second fiscal quarter revenue] to as low as $41 billion, below recently lowered ~$46 billion consensus.' Earnings per share consensus (an average of analyst expectations) could be lowered significantly as well in the second fiscal quarter. While the short term could be rocky, analysts are more interested in the back half of the year—and will be listening to what the company has to say about the third and fourth quarters. Nvidia is reportedly working on a new chipset for China that would be compliant with the most recent regulations. And big contracts beyond China could potentially help make up any near-term shortfall. Analysts have remained positive in advance of earnings. On Tuesday, Piper Sandler reiterated its 'overweight' rating on the company (meaning a belief that NVDA stock will outperform its peers or the market over the next six to 12 months), saying in a note: 'We advise investors to weather the uncertainty and stay long the stock, as this is likely largely the last wave of negative news for NVDA this year.' And despite its warning, Bank of America maintained its 'buy' rating and price target for Nvidia. It raised that target from $150 to $160 last week following the announcement of a deal with Humain, a subsidiary of Saudi Arabia's Public Investment Fund that is building a massive AI data center. (This deal seems less likely to face restrictions, as the Trump administration has given its blessing to the arrangement, with AI czar David Sacks calling it a 'game-changer in the global AI race.') Nvidia is set to receive an estimated $7 billion in direct contracts from that deal. Phase 1 includes 18,000 Blackwell GPUs valued at roughly $700 million. Bank of America expects 'several hundred thousand of Nvidia's most advanced GPUs' to be shipped over the next five years. Collectively, 87% of the analysts who cover NVDA stock have a buy rating on the company. The share price has increased more than 600% in the past three years, and the company is the second-largest public company in the world by market cap (behind Microsoft) with $3.3 trillion. There are some bears, though. Michael Burry, who rose to prominence by predicting the subprime mortgage crisis in 2008, has purchased put options on the company, essentially betting against it. And other critics question how much longer the robust growth can continue as competitors, such as Huawei, attract clients, and cloud companies, such as Microsoft and Google, work to create their own AI chips. This post originally appeared at to get the Fast Company newsletter: 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
Fast Company
27-05-2025
- Business
- Fast Company
Nvidia reports Q1 earnings this week: Here's what to expect
Nvidia's earnings have become some of the most closely watched numbers on Wall Street. The company makes up about 6.5% of the Nasdaq 100, and 5.5% of the S&P 500, so a good quarter can send the Nasdaq index soaring. A marginal or poor one can send it tumbling. On Wednesday May 28, after the market close, the innovative chip giant will report its fiscal first quarter results for 2025 and expectations are once again high. Analysts expect Q1 revenue to grow 66% year over year to $43.28 billion, according to LSEG. That's not the 262% increase it had in Q1 of last year, but it's still an impressive advance. Adjusted earnings are expected to come in at $0.73 per share. Nvidia stock (Nasdaq: NVDA) is already on the rise in advance of earnings, gaining more than 3% as of 3:00 p.m. ET, with shares topping $135. Year to date, shares of NVDA are down 2%. Despite the high hopes, though, Nvidia is facing some substantial obstacles – and investors will be looking to see what sort of impact those will have. Last month, the Trump administration put export limits on Nvidia's H20 chip. That led the company to announce a Q2 write-down of $5.5 billion, related to inventory and purchase commitments for the chip. The longer-term impact of those restrictions could be worse. David O'Connor, of BNP Paribas, wrote in a note Tuesday 'This inventory write-off implies a $15 billion H20 revenue hit on a rolling 12-month basis.' The limitations on sales to China could wreak some havoc in the near-term for Nvidia. Bank of America analysts warned that guidance for the second quarter could be 'messy,' saying '[Nvidia] could guide [second fiscal quarter revenue] to as low as $41 billion, below recently lowered ~$46 billion consensus.' Earnings per share consensus (an average of analyst expectations) could be lowered significantly as well in the second fiscal quarter. While the short term could be rocky, analysts are more interested in the back half of the year – and will be listening to what the company has to say about the third and fourth quarters. Nvidia is reportedly working on a new chipset for China which would be compliant with the most recent regulations. And big contracts beyond China could potentially help make up any near-term shortfall. A Saudi savior Analysts have remained positive in advance of earnings. Piper Sandler, on Tuesday, reiterated its 'overweight' rating on the company (meaning a belief that NVDA stock will outperform its peers or the market over the next 6 to 12 months), saying in a note, 'We advise investors to weather the uncertainty and stay long the stock as this is likely largely the last wave of negative news for NVDA this year.' And despite its warning, Bank of America maintained its 'buy' rating and price target for Nvidia. It raised that target from $150 to $160 last week following the announcement of a deal with Humain, a subsidiary of Saudi Arabia's Public Investment Fund that is building a massive AI data center. (This deal seems less likely to face restrictions as the Trump administration has given its blessing to the arrangement, with AI czar David Sacks calling it a 'game-changer in the global AI race.') Nvidia is set to receive an estimated $7 billion in direct contracts from that deal. Phase 1 includes 18,000 Blackwell GPUs valued at roughly $700 million. Bank of America expects 'several hundred thousand of NVIDIA's most advanced GPUs' to be shipped over the next five years. Collectively, 87% of the analysts who cover NVDA stock have a buy rating on the company. The share price has increased more than 600% in the past three years, and the company is the second largest public company in the world by market cap (behind Microsoft) with $3.3 trillion. There are some bears, though. Michael Burry, who rose to prominence by predicting the subprime mortgage crisis in 2008, has purchased put options on the company, essentially betting against it. And other critics question how much longer the robust growth can continue, as competitors, such as Huawei, attract clients and cloud companies, like Microsoft and Google, work to create their own AI chips.
Daily Record
02-05-2025
- Politics
- Daily Record
Council workers in Dumfries and Galloway to vote on strike action over pay dispute
Unison is balloting its members across the country after rejecting the pay offer from the Convention of Scottish Local Authorities. Council workers across Dumfries and Galloway are to vote on strike action over a pay dispute. Unison is balloting its members across the country after rejecting the pay offer from the Convention of Scottish Local Authorities (COSLA). Officials say the deal represents a three per cent increase for 2025/26. But COSLA says SOMETHING. Unison Scotland co-lead for local government, David O'Connor, said: 'Dedicated council staff have seen the value of their pay fall for more than a decade, as wages failed to keep pace with the cost of living. 'These workers deliver high-quality, vital services to communities, despite increasing pressures, dwindling resources and significant staffing shortages. 'COSLA's offer only adds to the real financial hardship faced by employees, especially with rent, council tax and energy bills continuing to soar. 'Strike action is always a last resort, but local government workers have been underpaid and undervalued for far too long. Cosla and the Scottish government need to step up and offer a decent wage increase that reflects the value if these workers.' Unison members began receiving their ballot papers from Thursday and have until June 12 to cast their vote. A recent consultation indicated more than 90 per cent of workers backed strike action.
Daily Record
01-05-2025
- Business
- Daily Record
Strike ballot for Scots Ofgem workers amid pay and jobs dispute
PCS members in Glasgow are being balloted for strikes in a dispute over pay and jobs. Hundreds of workers at the energy regulator Ofgem are being balloted for strikes over a job and pay dispute. Over 700 members of the Public and Commercial Services Union (PCS) in Glasgow, London and Cardiff will vote in the coming weeks on whether to launch a campaign of industrial action. PCS general secretary Fran Heathcote said: 'Ofgem managers have been deliberately provocative in their dealings with us. 'Rather than driving through sticking plaster solutions for organisation-wide problems, they should reach agreement with us before committing to changes that risk industrial action. 'We're happy to work with Ofgem, providing we can assure our members that their interests will be protected. 'They must have the confidence to plan for their futures.' Ofgem have been approached for comment. Elsewhere, staff in local government in Scotland represented by UNISON will receive formal ballot papers from today (Thursday) as they choose whether to vote for strike action - the largest vote of its kind for many years. More than 80,000 workers across all 32 councils will have the opportunity to take part from May 1 until June 12. The move follows a recent consultation in which 92 per cent backed strike action. Local government employer body Cosla has offered all council workers in Scotland a three per cent increase for 2025-26. UNISON Scotland co-lead for local government David O'Connor said: 'Dedicated council staff have seen the value of their pay fall for more than a decade, as wages failed to keep pace with the cost of living. 'These workers deliver high-quality, vital services to communities, despite increasing pressures, dwindling resources and significant staffing shortages. 'Cosla's offer only adds to the real financial hardship faced by employees, especially with rent, council tax and energy bills continuing to soar. ' Strike action is always a last resort, but local government workers have been underpaid and undervalued for far too long. Cosla and the Scottish government need to step up and offer a decent wage increase that reflects the value if these workers.' Join the Daily Record WhatsApp community! Get the latest news sent straight to your messages by joining our WhatsApp community today. You'll receive daily updates on breaking news as well as the top headlines across Scotland. No one will be able to see who is signed up and no one can send messages except the Daily Record team. All you have to do is click here if you're on mobile, select 'Join Community' and you're in! If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose 'exit group'. Get all the big headlines, pictures, analysis, opinion and video on the stories that matter to you. Follow us on Twitter @Daily_Record - the official Daily Record Twitter account - real news in real time. We're also on Facebook - your must-see news, features, videos and pictures throughout the day from the Daily Record, Sunday Mail and Record Online
Daily Record
01-05-2025
- Politics
- Daily Record
North and South Lanarkshire Council staff to be balloted on strike action
Staff at North or South Lanarkshire Council will receive formal ballot papers from today (Thursday) as they choose whether to vote for strike action. UNISON is balloting all staff it represents in local government in Scotland, the largest vote of its kind for many years. More than 80,000 workers across all 32 councils will have the opportunity to take part from May 1 until June 12. The move follows a recent consultation in which 92 per cent backed strike action. Local government employer body Cosla has offered all council workers in Scotland a three per cent increase for 2025-26. UNISON Scotland co-lead for local government David O'Connor said: 'Dedicated council staff have seen the value of their pay fall for more than a decade, as wages failed to keep pace with the cost of living. 'These workers deliver high-quality, vital services to communities, despite increasing pressures, dwindling resources and significant staffing shortages. 'Cosla's offer only adds to the real financial hardship faced by employees, especially with rent, council tax and energy bills continuing to soar. 'Strike action is always a last resort, but local government workers have been underpaid and undervalued for far too long. Cosla and the Scottish government need to step up and offer a decent wage increase that reflects the value if these workers.' *Don't miss the latest headlines from around Lanarkshire. Sign up to our newsletters here . And did you know Lanarkshire Live had its own app? Download yours for free here .
