Restrictions on chip sales to China and falling demand for PCs are problems for
Nvidia
right now, but
Piper Sandler
wants investors to focus on growth in its key data center business in 2023.
The chip company (ticker: NVDA) is set to report third-quarter earnings on Wednesday, and the consensus call among analysts tracked by
FactSet
is that profits will be 71 cents a share from revenue of $5.8 billion. October-quarter sales in its data-center segment, the most important business for the roughly 30-year-old company, are expected to fall by a percentage in the single digits from the prior quarter. A slowdown in demand for chips in China has been a risk for the company.
Source: https://www.barrons.com/articles/nvidia-stock-earnings-outlook-51668178475?siteid=yhoof2&yptr=yahoo
Nvidia Can Outperform Its Peers, Analyst Says. Earnings Are Coming.
Restrictions on chip sales to China and falling demand for PCs are problems for
Nvidia
right now, but
Piper Sandler
wants investors to focus on growth in its key data center business in 2023.
The chip company (ticker: NVDA) is set to report third-quarter earnings on Wednesday, and the consensus call among analysts tracked by
FactSet
is that profits will be 71 cents a share from revenue of $5.8 billion. October-quarter sales in its data-center segment, the most important business for the roughly 30-year-old company, are expected to fall by a percentage in the single digits from the prior quarter. A slowdown in demand for chips in China has been a risk for the company.
Source: https://www.barrons.com/articles/nvidia-stock-earnings-outlook-51668178475?siteid=yhoof2&yptr=yahoo