Robust data center sales, vigorous AI and cloud computing verticals, growing ray tracing adoption, and continued momentum in the Automotive segment should all play their part.Īs for what to keep an eye out for on the earnings call, Mosesmann will be looking for more color on the Omniverse, details on how the 3-product strategy is progressing, comments regarding the anticipated length of the supply chain shortages and the consequences of the Arm deal’s collapse.Īll in all, Nvidia remains one of Mosesmann’s “favorite secular semiconductor plays,” and the analyst sees a number of “growth vectors” coming into play – including the Omniverse, next generation networking/ DPU adoption and autonomous driving.Īs such, the analyst sticks with a Buy rating and a Street-high price target of $400. The analyst sees the company guiding above the Street’s revenue forecast of a low-single-digit quarter-over-quarter decline. Looking ahead to the April guide, Mosesmann expects the company’s outlook will also exceed expectations. “We see the January quarter being driven by strength in all end-markets, with Data Center and Gaming as the standouts,” the 5-star analyst said, before adding, “We believe constraints in supply, broadly speaking, will be a factor that limits near-term upside.” That said, the upside might be capped this time around. Yet, looking ahead to the print, Rosenblatt analyst Hans Mosesmann expects something more familiar, anticipating the results will beat the consensus estimates once again. The shares have suffered at the hands of 2022’s extremely volatile environment and sit 18% into the red year-to-date. The chip giant’s latest earnings come at an almost unprecedented period for the company – and stock – in recent times. Once the bell rings on Wednesday (Feb 16), Nvidia ( NVDA ) will take its turn to deliver the January quarter (F4Q22) results.
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