![\"nvidia](\"https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2018\/05\/nvidia-pre-market-fall.png\")
<\/a><\/p>\nNvidia Corp. shares sink 3.1 percent in New York, cutting into its rally over the past week, after the company fell victim to high expectations for its first-quarter earnings report.<\/p>\n
Analysts covering the chipmaker universally applauded the results, which beat the highest estimates from the Street, but said investors had elevated expectations for its datacenter growth heading into the report. The company also forecast a decline in cryptocurrency mining revenue, which contributed a large part of Nvidia\u2019s revenue beat, yet analysts including Goldman Sachs see the company benefiting from a decreased exposure to the volatile currency.<\/p>\n
Here\u2019s what analysts are saying about the report:<\/p>\n
Nvidia\u2019s 1Q results were \u201conce again strong, well ahead of consensus, partially on strong crypto-specific GPUs but also with upside from gaming and datacenter and very strong gross margins.\u201d<\/p>\n
\u201cThe biggest controversy on the call continued to be the trajectory of gaming into the second quarter and in particular what it might imply for datacenter growth given the odd seasonality in the first half of the year.\u201d<\/p>\n
Bernstein \u201cbelieves guidance implicitly suggests another quarter of solid datacenter growth to come.\u201d<\/p>\n
Maintains outperform and raises price target to $300 from $275.<\/p>\n
\u201cGrowth remains strong across all segments…. Stronger-than-expected cryptocurrency mining in April will continue to inject noise into the story.\u201d<\/p>\n
\u201cGuidance for a 65 percent decline in crypto in the July quarter significantly derisks the story, taking it down to a largely irrelevant 3 percent of sales.\u201d<\/p>\n
The analysts \u201cexpect new gaming products to more than offset further declines.\u201d<\/p>\n
Maintains overweight rating and raises price target to $273 from $258.<\/p>\n
\u201cNvidia turned in a solid beat\u201d compared to the estimates, \u201cthough much of the beat came from the cryptocurrency-related revenue.\u201d<\/p>\n
\u201cDue to investors\u2019 concerns around the volatility of the cryptocurrency market, the company may not get full credit for the beat to estimates.\u201d<\/p>\n
\u201cThe company is executing extremely well and we believe it is fairly reflected in the Nvidia share price and valuation.\u201d<\/p>\n
Maintains hold and raises price target to $243 from $220.<\/p>\n
\u201cThe company met what we believe were heightened investor expectations for the datacenter business.\u201d<\/p>\n
\u201cWith crypto now de-risked, in our view, and the new product launch in gaming ahead of us, we see positive risk-reward and would thus recommend investors to buy the stock.\u201d<\/p>\n
Reiterates buy and raises price target to $310 from $275.<\/p>\n
\u201cHigh growth stories have high bars to clear, and the company failed to exceed expectations in the datacenter segment.\u201d<\/p>\n
\u201cThe Nvidia story is intact, and remains one of the best-positioned tech names for the next decade, as its products are a foundational part of the future of technology.\u201d<\/p>\n
\u201cThis quarter\u2019s print represents yet another material beat-and-raise as the company has now exceeded expectations for the prior 12 quarters.\u201d<\/p>\n
\u201cWhile gaming was a bit lighter than bullish expectations heading into the print, we think this was offset by significant gross margin expansion to 64 percent and operating margins of 44.5 percent.\u201d<\/p>\n
Maintains outperform and raises price target to $300 from $285.<\/p>\n
\u201cWhile second-quarter revenue guidance, at $3.1 billion, is above the current consensus estimate of $2.9 billion, it is difficult to assess how medium-term gaming segment performance will materialize as seasonal demand metrics remain skewed.\u201d<\/p>\n
The analysts \u201cwould agree that Nvidia\u2019s longer-term prospects in multiple growth markets remain bright, for now, given some of the near-term uncertainties around the gaming segment and given that Nvidia\u2019s valuation remains meaningfully higher than semiconductor peers.\u201d<\/p>\n
Maintains neutral and raises price target to $255 from $245.<\/p>\n
\u201cNvidia now faces a few headwinds that will reduce typical seasonal growth in the second quarter, including about $200 million of lower crypto and perhaps about $250 million of channel restocking benefit received in the first quarter.\u201d<\/p>\n
\u201cIn terms of the artificial intelligence end market, we were impressed by more than 71 percent year-over-year datacenter growth (shipments to cloud data centers doubled year-over-year), but also note a contribution from new segments like professional visualization, where customers like Columbia University have begun using Quadro for A.I.”<\/p>\n
Maintains neutral and raises price target to $250 from $230.<\/p>\n
\u201cNvidia continues to execute flawlessly in its target markets and we are in the early days of the Volta GPU disruption in the datacenter.\u201d<\/p>\n
\u201cWe expect the confusion surrounding \u2018seasonality\u2019 for the July quarter to lead to some volatility in the shares today (as we previewed), however the crypto thing is no longer a relevant bear theme in our opinion.\u201d<\/p>\n
Reiterates buy and raises price target to $315 from $300.<\/p>\n
Reiterates buy and increases his bull case to $380 from $300.<\/p>\n
\u201cStrong gaming demand from battle royale-style games, eSports and new titles, coupled with the strength of the Volta architecture in the data center have driven Nvidia\u2019s revenue and earnings higher and faster than expected.\u201d<\/p>\n
\u201cDatacenter still has a large opportunity ahead and should grow sequentially.\u201d<\/p>\n
Maintains price target at $300.<\/p>\n
Nvidia shares sink 3.1% in New York after the company fell victim to high expectations for its first-quarter earnings report.<\/p>\n","protected":false},"author":341034,"featured_media":237062,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[19],"tags":[45082,43026,50721],"class_list":["post-259817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-analysts","tag-market","tag-nvidia-share-price"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/259817"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/341034"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=259817"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/259817\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/237062"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=259817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=259817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=259817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/a><\/p>\nNow read:\u00a0Nvidia reveals how much it made from crypto miners<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"