Latest news with #MattBryson
Yahoo
5 days ago
- Business
- Yahoo
The Key Takeaways From Nvidia's Earnings
Wedbush Securities Equity Research Managing Director Matt Bryson breaks down Nvidia's earnings and forecast on "Bloomberg The Close." Nvidia said sales will be about $45 billion in the second fiscal quarter. That included the loss of roughly $8 billion in revenue from China because of export controls. 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
27-05-2025
- Business
- Yahoo
Concerns About Nvidia Corporation (NVDA) Are Easing, Tech Expert Says
Nvidia's (NVDA) "new revenue sources" are causing the Street's worries about NVDA stock to ease significantly, Matt Bryson, the Managing Director of Wedbush Securities, told Yahoo Finance recently. Meanwhile, as far as NVDA's first-quarter results are concerned, Bryson expects the company's positive catalysts to "offset" the difficulties that it started facing in China towards the end of Q1. Bryson covers the Enterprise Hardware sector for Wedbush. The Street's Perceptions of NVDA and Its Q1 Results Nvidia Corporation (NVDA) has improved the performance of its new Blackwell chips, while the tech giant has made major deals with a number of governments, Bryson noted. In light of these developments, the Street's fears about NVDA have become less intense, he stated. "There are (fewer) concerns about Nvidia than there was two or three weeks ago because (it has) all of these other new revenue sources popping up," he said. Meanwhile, NVDA's strong revenue from China in the first two months of the year, along with the increased output of its Blackwell chips as Q1 progressed, should offset the weakness in China that the firm experienced in March, according to Bryson. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
23-05-2025
- Business
- Yahoo
Nvidia earnings: Why DeepSeek isn't as big of a threat as feared
Early in the year, Nvidia (NVDA) shares sank on the news of DeepSeek and worries that it could lead to tech giants spending less on AI. That, combined with concerns about export restrictions, has some investors nervous. Find out what Wedbush Securities managing director Matt Bryson thinks about it all in the video above. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. You know to to start the the year Matt, was it true that the stock was struggling? There's different reasons for that. One reason was Deep Seek. and Nvidia executives addressed that. In your opinion, did they did they address that concern to your satisfaction, Matt? Do you think that concern is in the rear view mirror? I I certainly think it's in the rear view mirror, Josh. So if you look at what actually happened um with Deep Seek, so predominantly a China phenomenon. Deep Seek was driving significantly more demand than expected for AI servers in China. Um and so I I think at the end of the day, um what you saw from Deep Seek was it it was good news for Nvidia. It was more demand. Um so I think that concern is certainly behind them. Matt, one of the other um reports related to Nvidia that we got today came courtesy of the Financial Times, which said Oracle was planning to spend about $40 billion on Nvidia's GB200 chips um to power OpenAI's new data center. I I I don't know if this is a surprise because if they were building the data center, it was likely they were going to get Nvidia's chips. But um but it does speak to the reliance of Nvidia on spending from the hyperscalers. So what can we expect in terms of cadence with that spending? Yeah, so you saw earlier Crusoe um also announced that they'd secured funding to build out those facilities. So, and I I think when you look at the news from the Financial Times, let's assume it's accurate. They're talking about GB200 chips. So the the current generation of product, that tells you that's going to come earlier, uh let's call it in the next two, three, four quarters. Um and so from a from a cadence perspective, Julie, I think if it doesn't show up in Q2 um for Nvidia it shows up in Q3, Q4 uh because when you get beyond um Q4, you really start to see GB300, the the next generation of chip becoming the the larger portion of volume out of Nvidia. Matt, another big question of course top of mind for Nvidia investors was the AI boom and whether Big Tech would continue to invest so much in that boom. You heard those last earnings reports, Matt, you know, from Meta and Microsoft and Alphabet and and when they talked about their capex guides, they they remain confident. I'm just curious when you look past 2025, Matt, you try to look in 2026, what do you see AI spending looking like from from the hyperscalers? Yeah, so it's it's hard to peg how much hyperscale growth there will be in 2026, and that's always that's always kind of been the question, right? Can we continue to see the the large clouds grow their spend like we've seen the the last few years. Um the difference this time I think, um and I think your prior guest talked to this, we have all this incremental additional spend coming from uh these these projects that are outside the hyperscalers. Um so in particular the sovereign deals we've got uh both Saudi Arabia and UAE and remember that I believe it was the UAE number in terms of chips that was larger than the amount of product that Oracle is supposedly buying. Um so these large deals are really additive and and I don't see the cloud stepping away. Um the last thing I'd add there is, so one of the concerns has simply been that applications aren't going to show up. I I think when you see Open AI go out and spend uh the significant amount amount of money they did on Johnny Ive startup, that tells you that there are edge products that are getting close to being ready. And I think those edge products are going to be AI driven and again, um at the end of the day, that ends up creating growth for AI silicon like Nvidia produces. 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
23-05-2025
- Business
- Yahoo
Nvidia earnings: Why DeepSeek isn't as big of a threat as feared
Early in the year, Nvidia (NVDA) shares sank on the news of DeepSeek and worries that it could lead to tech giants spending less on AI. That, combined with concerns about export restrictions, has some investors nervous. Find out what Wedbush Securities managing director Matt Bryson thinks about it all in the video above. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Sign in to access your portfolio
Yahoo
09-05-2025
- Business
- Yahoo
Super Micro Impacted By AI Server Delays And Nvidia Supply Limits, Analysts Lower Forecast
Super Micro Computer (NASDAQ:SMCI) stock price dropped on Wednesday after the company reported worse-than-expected third-quarter financial results on Tuesday. Wall Street analysts rerated the stock. Needham analyst Quinn Bolton reinstated Super Micro Computer with a Buy and a $39 price target. Wedbush analyst Matt Bryson reiterated Super Micro Computer with a Neutral rating and lowered his price target to $30 (from $40). JP Morgan analyst Samik Chatterjee gave Super Micro Computer a neutral rating and a price target of $35 (down from $36).Needham: Super Micro posted third-quarter revenue of $4.6 billion, -19.0% Q/Q and +19.5% Y/Y, in line with the company's preliminary announcement but well below previous guidance (midpoint at $5.5 billion). The weakness was due to customers waiting and evaluating next-gen AI platforms (Blackwell), which led to delayed commitments. The quarterly adjusted gross margin came in at 9.7%, below the Street's 10.1% estimate. Margins were negatively affected by higher inventory reserve charges on older Hopper systems, lower volume, and accelerated new-product costs. The quarterly adjusted EPS was $0.31, which is in line with the preliminary announcement but well below the previous guidance (midpoint at $0.54). The miss was driven by lower revenue and margins. The company guided fourth-quarter revenue to $6.0 billion at the midpoint, +30.4% Q/Q and +13.0% Y/Y, well below Bolton's estimate of $7.0 billion and the Street's estimate of $6.59 billion. The quarterly adjusted EPS should come in at $0.45 at the midpoint, below Bolton's prior estimate of $0.74 and the Street's estimate of $0.64. Super Micro has been at the forefront of liquid cooling technology, and the announcement of DLC-2 further solidifies its leadership. Management highlighted product transitions from Hopper to Blackwell and tariff uncertainty as key contributors to near-term weakness. Despite near-term headwinds, Bolton became incrementally more positive for the company as it filed its 2024 10-K and 2025 10-Qs and added to its management bench. The analyst found the valuation extremely attractive for a company targeting AI/HPC end markets and being at the forefront of liquid-cooled data centers. Wedbush: Bryson noted that GB200 and B200 availability was limited early in the quarter, with initial parts primarily shipping to select Nvidia Corp (NASDAQ:NVDA) accounts. This situation has been largely rectified, supporting a rebound in the next quarter. Super Micro is effectively guiding for a slight dip in gross margins on older products that it likely needs to discount to sell. The analyst noted OEMs were pushed to take Hopper, given B200 shortages. He said Super Micro's choice to step away from guiding for a gross margin rebound was properly pragmatic, particularly given uncertainty around the US administration's next steps. In the intermediate to longer term, Bryson expects better pricing and margins on initial B200 servers in light of the tight supply. Super Micro's diversified manufacturing presence could allow it to better navigate US policy than some of its peers. Bryson projected fourth-quarter revenue of $5.95 billion and adjusted EPS of $0.45. JP Morgan: Super Micro posted results primarily in line with the pre-announcement that had represented a roughly $900 million miss on revenue and an approximately 200 bps+ miss on gross margins to the earlier stated outlook for the fiscal third quarter. With the company pre-announcement implying that the miss was led by one-off factors like customer platform decisions and inventory write-downs, expectations were for a sharper earnings rebound through revenue and margins. However, the update from the company about fiscal fourth-quarter expectations highlights customer push-out of deployments in fiscal third-quarter was not limited to one or two customers and represents an ongoing challenge about customers deciding between multiple platforms as well as data center readiness to accept shipments as planned. Lower cost inventory-related headwinds to gross margins are still not entirely behind the company, with up to 100 bps of gross margin impact in the fiscal fourth quarter, driving guidance for ~10% gross margins. There remains the potential for further risks to gross margin if the company does not manage to sell its Hopper inventory. On the business drivers, the company continued to highlight leadership relative to the time to market for the latest technology-based servers in the high-growth AI servers market, as well as the expected launch of Data Canter Building Block Solutions (DCBBS), featuring their next-generation Direct Liquid Cooling (DLC 2.0) capabilities. Chatterjee projected fourth-quarter revenue of $6 billion and adjusted EPS of $0.44. Price Action: SMCI stock closed at $32.48 on Wednesday. Read Next:Photo courtesy: CryptoFX via Shutterstock Date Firm Action From To May 2021 Susquehanna Maintains Positive May 2021 Northland Capital Markets Maintains Outperform Jun 2020 Northland Capital Markets Initiates Coverage On Outperform View More Analyst Ratings for SMCI View the Latest Analyst Ratings UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? SUPER MICRO COMPUTER (SMCI): Free Stock Analysis Report This article Super Micro Impacted By AI Server Delays And Nvidia Supply Limits, Analysts Lower Forecast originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
