Nvidia shares ease; results expected after the bell – 11/20/2024 at 7:50 p.m.

Nvidia shares ease; results expected after the bell – 11/20/2024 at 7:50 p.m.
Nvidia shares ease; results expected after the bell – 11/20/2024 at 7:50 p.m.

((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

Nov. 20 – ** Shares of Nvidia NVDA.O fell 1.4% in afternoon trading ahead of the artificial intelligence chipmaker's quarterly results due after the closing bell

** Analysts expect quarterly revenue to rise to $33.16 billion from $18.12 billion in the previous quarter, and EPS to rise to 75c/shr from 40c a year ago, according to LSEG

** Sales growth could be company's slowest growth in six quarters

*sales growth could be slowest for the company in the last six quarters* “We believe the larger mix of H200 revenues drove growth in the October quarter, but all eyes will be on the Blackwell launch,” according to CFRA Research, referring to the company's new Blackwell chip

**The company has exceeded analysts' revenue expectations over the past eight reporting periods, according to LSEG

**NVDA's median PT is $165.00, according to LSEG, and the stock was last at $144.96

**Analyst recommendations on the stock include 57 “strong buy” or “buy” ratings, six “hold” ratings and no “sell” or “strong sell” ratings, according to LSEG data

**Nvidia options imply an 8.2% move for stocks Thursday, according to options analysis service ORATS; This matches the average 8.3% move the stock has seen the day after earnings over the 12 quarters

** Including the session's movement, the stock is up 193% year to date, compared to a gain of about 15% for the Dow Jones industrial average .DJI during that period

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