NVIDIA Corporation (NASDAQ: NVDA) reported strong fiscal third-quarter results that beat Wall Street estimates, but provided fourth-quarter guidance that fell short of investors' lofty expectations. Shares fell about 3% in premarket trading following the announcement.
For the third quarter, NVIDIA posted earnings per share (EPS) of $0.81 on revenue of $35.1 billion, beating analyst expectations of $0.75 EPS on revenue of $33.09 billion. A key driver was the data center segment, which generated $30.8 billion, a sequential increase of 17% and notable year-over-year growth of 112%, exceeding forecasts of $28.84 billion.
Looking ahead to the fourth quarter, NVIDIA projects revenue of $37.5 billion, up 2%, slightly above consensus estimates of $37.09 billion. Gross margins are expected to be 73.0%, indicating solid profitability despite modest guidance.
Analysts expressed mixed opinions. Bank of America highlighted short-term investor caution due to muted enthusiasm, but reaffirmed confidence in NVIDIA's long-term growth potential, emphasizing its leadership in the transition from legacy infrastructure to ai-accelerated systems. Piper Sandler echoed the optimism, noting that the company remains well positioned for significant growth starting in April.
In summary, NVIDIA's strong fundamentals and leadership in ai position it as a long-term winner, although short-term volatility may persist as investors digest its dovish fourth-quarter outlook.
Nvidia Stock Chart Analysis
This chart shows the performance of NVIDIA Corporation (NVDA) stock over a 15-minute period. The current price is $145.86, reflecting a slight increase of +0.33% on the day. The chart features candlestick patterns showing the stock's price movements, with highs and lows clearly marked.
The RSI (Relative Strength Index) indicator at the bottom reveals the momentum dynamics. It is hovering near 60.05, suggesting moderate bullish momentum, moving away from neutral levels. The RSI is not yet overbought (above 70), indicating room for further bullish movement.
Recent trading action shows a recovery from a low of $137.15, with the price approaching previous resistance around $146.16. If this level is broken, it could indicate a continued uptrend; Otherwise, a rollback could occur. Traders should monitor the support zone at $144.76 and resistance at $149.77 for further signals.
Overall, NVDA's short-term trend appears cautiously bullish, supported by improving RSI momentum.
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