Trending : Nvidia Trades Near All-Time High Ahead of Earnings
May 21, 2024 at 01:46 pm EDT
Share
1330 ET -- Nvidia is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. Nvidia continues to trade just below an all-time high ahead of its Wednesday earnings report. It needs to close above $950.02 to beat the record closing high it reached in late March. Nvidia has generally been boosted by an earnings season where large technology companies reaffirmed their commitment to spending billions on artificial-intelligence infrastructure. Consensus expectations on Wall Street are for Nvidia to report first-quarter revenue of $24.59 billion and earnings of $5.80 a share, according to a FactSet poll. Dow Jones & Co. owns Factiva. (matthew.walker@dowjones.com)
NVIDIA Corporation is the world leader in the design, development, and marketing of programmable graphics processors. The group also develops associated software. Net sales break down by family of products as follows:
- computing and networking solutions (55.9%): data center platforms and infrastructure, Ethernet interconnect solutions, high-performance computing solutions, platforms and solutions for autonomous and intelligent vehicles, solutions for enterprise artificial intelligence infrastructure, crypto-currency mining processors, embedded computer boards for robotics, teaching, learning and artificial intelligence development, etc.;
- graphics processors (44.1%): for PCs, game consoles, video game streaming platforms, workstations, etc. (GeForce, NVIDIA RTX, Quadro brands, etc.). The group also offers laptops, desktops, gaming computers, computer peripherals (monitors, mice, joysticks, remote controls, etc.), software for visual and virtual computing, platforms for automotive infotainment systems and cloud collaboration platforms.
Net sales break down by industry between data storage (55.6%), gaming (33.6%), professional visualization (5.7%), automotive (3.4%) and other (1.7%).
Net sales are distributed geographically as follows: the United States (30.7%), Taiwan (25.9%), China (21.5%) and other (21.9%).