From Morningstar: 2024-05-16 06:18:00

Nvidia is set to release its first-quarter earnings report on May 22 with a fair value estimate of $910 per share and a wide economic moat rating from Morningstar. The focus will be on Nvidia’s data centre business and AI chip supply constraints in the rapidly evolving AI market.

The key points to watch for in Nvidia’s Q1 earnings include the company’s history of beating guidance, data centre business growth, and market size of AI accelerators. Nvidia’s stock price will be influenced by prospects in the data centre and AI GPU businesses as well.

Nvidia’s stock price will be influenced by the company’s performance in the data centre and AI GPU businesses. The data centre has shown exponential growth, projected at $47.5 billion in fiscal 2024. Supply constraints may hinder revenue growth, but a steady increase is anticipated in fiscal 2025.



Read more at Morningstar: Going Into Earnings, Is Nvidia Stock a Buy or a Sell?