Where next for NVDA stock?Īs the chart below shows, NVDA’s stock has had a rough six months, with the tech giant losing roughly 50% of its value from its November 22nd intraday peak near $350.

Comparing to itself, NVDA is roughly at its average historical valuation, suggesting that it may be a good time for long-term investors to pick up shares of a great, cutting-edge company at a reasonable valuation if earnings and guidance are able to meet/exceed expectations. Looking at forward P/E ratios, NVDA still trades at a 30 multiple, dwarfing rivals like Advanced Micro Devices (NASDAQ: AMD) (forward P/E of 22), Texas Instruments (NASDAQ: TXN) (19), Intel (NASDAQ: INTC) (12), Qualcomm (NASDAQ: QCOM) (10) and Micron Technology (NASDAQ: MU) (6). Meanwhile, on the valuation front, NVDA continues to command a “best in breed” premium over its smaller rivals. Traders will be on the lookout for any signals that the supply-demand balance for chips is shifting in this quarter’s earnings report. While that would certainly bode well for sales volumes moving forward, it could cut into average selling prices (ASP) and may hurt the company’s impressive profit margins. Last month, NVIDIA noted that its graphics processing units (GPUs) are ‘restocked and reloaded’, hinting that the worst of the chip shortage may be behind the company.

Not surprisingly, the chipmaker has seen its sales grow 6X in the last nine years, from $4.3B in 2013 to nearly $22B in 2022.Įxpectations remain elevated for this quarter, with traders expecting both revenue and earnings to rise by more than 40% year-over-year, but the proverbial “elephant in the room” will be the global semiconductor shortage. If you tried to invent a business to capitalize on exciting secular technology trends like gaming, artificial intelligence, data centers, autonomous car development, crypto asset mining, and 5G communication technology, you would create NVIDIA. What are analysts expecting for NVDA earnings?Ĭonsensus analyst expectations are for the company to report $1.20 in EPS on $8.1B in revenue. NVIDIA (NASDAQ: NVDA) is scheduled to release earnings after the markets close on Wednesday May 25. Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close When will NVIDIA report earnings?

Will nvda stock go up