Why Nvidia (NVDA) Stock Is Up Today [Yahoo! Finance]
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Super Micro Computer, Inc. (SMCI)
Last super micro computer, inc. earnings: 8/3 04:05 pm
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US:NASDAQ Investor Relations:
ir.supermicro.com/investor-relations
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Source: Yahoo! Finance
Nvidia recorded healthy gross margin improvement, indicating elevated pricing power. Its revenue and EPS outperformed Wall Street's estimates, driven by better-than-expected results in its data center and automotive segments; the result in its automotive segment (17% year-on-year revenue growth) was especially impressive given the industry is in a cyclical downturn and many other semiconductor companies have posted year-on-year declines for that end market. Lastly, its inventory levels increased, likely due to the company stocking up on products in anticipation of strong demand. During the announcement of the results, Nvidia issued a 10-1 stock split that will commence on Friday, June 7, 2024. Looking ahead, Nvidia's revenue for the next quarter beat expectations again. Overall, this was a great quarter that shareholders will appreciate. Is now the time to buy Nvidia? Access our full analysis report here, it's free What is the market telling us: Nvidia's shares are very volati
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SMCI
News
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SMCI
Earnings
- 4/30/24 - Beat
SMCI
Sec Filings
- 6/5/24 - Form 4
- 6/3/24 - Form 4
- 6/3/24 - Form 144
- SMCI's page on the SEC website