Nvidia (NVDA 1.47%) is expected to report a strong quarter during its earnings call on Wednesday, Feb. 16, after the market closes. Today's video focuses on recent market news that is creating huge spikes in volatility, on earnings expectations, and on how some of Nvidia's competitors have performed. Here are some highlights from the video.
- During its previous earnings call, Nvidia guided for revenue of $7.4 billion, plus or minus 2%, representing roughly 50% year-over-year growth. Management believes Nvidia will continue to experience strong growth in its gaming and data center segments.
- On Feb. 1, Advanced Micro Devices (AMD 1.23%) reported earnings and crushed expectations. Lisa Su, the CEO of AMD, stated the substantial growth was driven by the strong adoption of its data center hardware. The robust spending by data center providers bodes well for Nvidia, as the data center segment represented over 40% of Nvidia's total revenue last quarter.
- The market is currently experiencing numerous events causing spikes in volatility, such as global tensions, the semiconductor shortage, inflation, and interest rates. The only thing certain in the market is that uncertainty always arises. As investors, we should focus on long-term investment instead of short-term movements.
Click the video below for my full thoughts and analysis.
*Stock prices used were the pre-market prices of Feb. 14, 2022. The video was published on Feb. 14, 2022.