'Nvidia Party Is Turning Into A Rager,' Says Analyst After Chipmaker's Q1 Beat That Sent Stock Soaring Past $1,000 In After-Hours Trading from xxx analyst Watch Video

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✓ Published: 23-May-2024
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Nvidia CEO Jensen Huang says the company will benefit from a lot of Blackwell revenue this year. The management also says Nvidia was planning to come out with new chips on an annual cycle.

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Nvidia CEO Jensen Huang says the company will benefit from a lot of Blackwell revenue this year. The management also says Nvidia was planning to come out with new chips on an annual cycle.
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Nvidia is set to report earnings on Wednesday, and options markets are pricing an 8.7% move in the stock price by Friday, which would translate to a $200 billion swing in the company's market cap. Nvidia's massive gains this year have made it the third largest company by market cap on Wall Street, behind only Microsoft and Apple. Wall Street is betting on Nvidia's strong quarterly report, which shows continued growth in its artificial intelligence business. Analysts expect Nvidia to report revenue of over $24 billion, up sharply from a year ago.
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Here are the ratings of the most accurate analysts for three high-yielding stocks in the consumer staples sector from Benzinga's Analyst Stock Ratings page. Benzinga.com readers can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy.
⏲ 1:21 👁 280K
Lowe's reported first-quarter 2024 earnings that beat analysts' expectations for both earnings per share and revenue. The company said do-it-yourself customers purchased fewer expensive items, though gains with professional customers and online sales partially offset the trend. Like rival Home Depot, Lowe's is facing pressure from a cooling housing market and inflation, which is impacting discretionary spending. Despite the challenges, Lowe's stock is up nearly 3% year-to-date compared to an 11% gain for the S&P 500 index.
⏲ 0:32 👁 1.4M
Palo Alto Networks reports quarterly earnings of $1.32 per share which beat the analyst consensus estimate of $1.25 by 5.6%. Quarterly sales clock in at $1.985 billion which beat the analyst consensus estimate of $1.967 billion.
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E.l.f. Beauty posted sales of over $1 billion for its fiscal year 2024, up 77% from the previous year and marking its first billion-dollar year. The cosmetic company beat analyst estimates with revenue up 71% year-over-year, but shares fell as its guidance for 2025 came in below Wall Street expectations. Ulta Beauty's CEO recently warned the broader beauty industry was seeing demand slow earlier and more than expected. E.l.f. Beauty CEO said the company is still in the \
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Political analyst says it’s unjust to endure relationship that can no longer be saved<br/> <br/>
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Workday reports quarterly earnings of $1.74 per share which beat the analyst consensus estimate of $1.58 by 10.13%. Quarterly sales come in at $1.99 billion which beat the analyst consensus estimate of $1.973 billion.
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