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Strategies & Market Trends : stocks for medium & long-term hold durations
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To: rimshot who wrote (102)11/18/2021 3:02:18 PM
From: rimshot   of 426
 
NVDA - Nvidia's Q3 Results Driven by Gaming, Data Center Strength, Morgan Stanley Says

Nvidia's better-than-expected Q3 results were driven by strong revenue gains in data center
and gaming, Morgan Stanley said in a research note on Thursday.
The company reported Q3 adjusted earnings of $1.17 per diluted share,
up from $0.73 per share a year earlier.

Analysts surveyed by Capital IQ projected adjusted EPS of $1.11.
Revenue for the quarter ended Sept. 30 was $7.1 billion, up from $4.73 billion a year earlier.
The consensus estimate was $6.81 billion. The chipmaker said it anticipates Q4 revenue
of $7.4 billion, plus or minus 2%. The Wall Street revenue view was $6.84 billion.

The company's data center sales hit a record $2.94 billion,
ahead of consensus estimate of $2.72 billion on Visible Alpha.
Morgan Stanley said gaming demand is likely to remain strong
"for at least a couple more quarters" after gaming revenue
totaled $3.22 billion in the third quarter, also the highest ever
for the company and above the $3.16 billion projection on Visible Alpha.

"We see the creation of 3d worlds as a material driver of graphics chips
over time, and while the specific enthusiasm for the metaverse may fade,
it is part of a larger trend of NVIDIA developing enterprise software," Morgan Stanley added.

The investment firm raised its 2022 EPS estimate for the company to
$4.36 from $4.06 and revenue outlook to $26.71 billion from $25.89 billion.
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