Nvidia faces high expectations
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 21 February 2024
⏱️ 6 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Wednesday, February 21st. I'm Julie Morgan. |
| 0:13.2 | All eyes are on Invidia. |
| 0:15.2 | Fubo TV is suing a high profile trio, |
| 0:18.6 | and Amazon and Uber have found a new home. |
| 0:22.4 | If you were on social media, specifically X yesterday, |
| 0:26.0 | you noticed that NVIDIA was trending |
| 0:28.0 | under the topic of business and finance. |
| 0:31.0 | As I looked this morning, it's still trending and that will likely continue throughout the day and into tomorrow. |
| 0:36.4 | The company is scheduled to report earnings today after market close. |
| 0:41.2 | It's safe to say that expectations are high for the Chip Giant and its |
| 0:45.1 | numbers will be a big test for Wall Street's artificial intelligence fueled rally. |
| 0:49.8 | Bespoke Investment really drove that point home in a tweet when they said that the stock has reported an earnings triple play a beaten EPS estimates, a beat in their sales estimate and raised guidance on four Q4 earnings reports in a row and seven of |
| 1:06.2 | the last eight dating back to 2016. So of course expectations will be high. The consensus EPS estimate is $4.63. That's an |
| 1:17.2 | increase of 426% year over year. And the consensus revenue revenue estimate is 20.4 billion dollars or an increase |
| 1:26.2 | of 239 percent year over year. |
| 1:29.5 | NVIDIA closed the day Tuesday down 4.35 percent. Earlier in the day Tuesday down 4.35%. |
| 1:33.8 | Earlier in the day news emerged that Microsoft |
| 1:36.7 | is developing a new network card |
| 1:38.8 | which could reduce its reliance on NVIDIA. |
| 1:42.0 | Pre-market, NVIDIA is down 1.7%. |
| 1:46.6 | Fubo TV has filed an antitrust suit against Disney, Fox, Warner Brothers, Affiliates. |
... |
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