After reporting first quarter results that smashed analyst expectations, there is a pretty high bar being set for Nvidia's (NVDA) second quarter results. Wedbush Securities Senior Vice President of Equity Research Matt Bryson says it may not matter. "There is a ton of demand out there right now that's not being satisfied," Bryson says, "if Nvidia's guide is a little bit light of expectations... it just means they'll book more revenue in fiscal Q4 or fiscal 2025." There are a lot of tech companies who are trying to get a slice of Nvidia's share of the AI market, but for now, Bryson says stick with Nvidia. Bryson explains how there is "an order of magnitude difference" between what Nvidia is producing and where its competitors are. "If you're a real believer in AI, right now, the certain thing to invest in is Nvidia," Bryson says.
Nvidia earnings: Why it may not matter if guidance is light
08/18/2023 22:22
After reporting first quarter results that smashed analyst expectations, there is a pretty high bar being set for Nvidia's (NVDA) second quarter results. Wedbush Securities Senior Vice President of Equity Research Matt Bryson says it may not matter. "There is a ton of demand out there right now that's not being satisfied," Bryson says, "if Nvidia's guide is a little bit light of expectations... it just means they'll book more revenue in fiscal Q4 or fiscal 2025." There are a lot of tech companies who are trying to get a slice of Nvidia's share of the AI market, but for now, Bryson says stick with Nvidia. Bryson explains how there is "an order of magnitude difference" between what Nvidia is producing and where its competitors are. "If you're a real believer in AI, right now, the certain thing to invest in is Nvidia," Bryson says.
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