In this video, I will cover Nvidia's (NVDA -2.25%) recent Q1 earnings report and talk about the reduced guidance and what that means for shareholders.

  • Nvidia reported revenue of $8.28 billion, up 46% year over year (YOY), and earnings per share (EPS) of $1.36, up 49% YOY. Both beat the market's estimate. 

  • Omniverse and Nvidia AI will drive significant revenue in the future for the company. The company expects higher software sales in the future, which should increase margins. 

  • Nvidia expects a $500 million hit in Q2 because of Chinese lockdowns and the termination of selling to Russia, which represented 2% of the company's revenue.

  • Overall, shareholders should view any weakness in the stock as a buying opportunity. Nvidia has a foot in many fast-growing industries, and the need for semiconductors and AI-driven systems will only grow. 

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*Stock prices used were the closing prices of May 25, 2022. The video was published on May 26, 2022.