Nvidia (NVDA) is set to post its first-quarter earnings for the fiscal 2025 year this Tuesday, May 22. Many on Wall Street will have their eyes set on the chip-making giant since it was the leader of previous rallies seen in the sector and may be a signal of what’s to come going forward.
Moor Insights & plan Founder and top executive Patrick Moorhead joins Morning Brief to give insight into the upcoming earnings and what investors should expect from its potential impacts on the sector (^DJI, ^IXIC, ^GSPC).
Moorhead believes Nvidia will outperform expectations: “The firm is going to clearly beat expectations on top line and EPS and will likely see a very positive guide. And I base a lot of this study on 2 or 3 core things, which is look at demand. Demand is off the rails. What’s development uncertainty? Somewhat low because Blackwell is very similar to the previous chip they had. And then there’s manufacturing. There could be some uncertainty in manufacturing from TSMC (TSM) and that would be the place to look.”
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