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What time is Nvidia’s earnings release?
Nvidia will release its fiscal fourth-quarter earnings report after the stock market closes this Wednesday, May 20. The results typically come through around 4:20 pm to 4:30 pm Eastern Standard Time.
The release of Nvidia’s earnings report will be followed by a conference call, which will begin at 5 pm EST.
Nvidia earnings are the “ultimate test” for the stock market, says Questar CIO
Nvidia’s upcoming earnings event is “the ultimate test for a stock market that is not only trading at record highs, but one that also had a breathtaking bounce off of the March lows,” says Richard Reyle, chief investment officer at Questar Capital Partners.
The chipmaker is the stock market’s “shorthand for everything AI,” he explains, and in recent years, equity “gains have been driven in large part by AI.”
Heading into Wednesday’s print, Reyle says the numbers are already expected to be strong given the massive spending on AI initiatives hyperscalers announced this earnings season.
But stellar earnings for the chipmaker don’t mean upside for NVDA stock, the CIO warns. “To say that Nvidia is priced for perfection is an understatement.”
Indeed, the blue chip stock is up roughly 20% for the year to date to trade near new highs.
As such, Reyle says to “be careful around Nvidia.” In addition to a lot of hype around the stock, the CIO has “concerns about the circular spending in the AI space.”
He prefers “companies that have true moats in the tech space, such as Taiwan Semiconductor (TSM) and ASML Holding (ASML),” considering it will take at least a decade “for any other company to genuinely match their top-end manufacturing capability.”
– Karee Venema
Karee Venema
With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021, and oversees a wide range of investing coverage, including content focused on equities, fixed income, mutual funds, ETFs, macroeconomics and more.
Nvidia stock trades lower to start earnings week
Nvidia stock opened higher Monday morning, but was last seen down 1.4%. The chip stock is still up more than 11% for the month to date, and has gained nearly 20% since the start of the year.
This comes as the broader equities market trades mixed at the start of the week, with the blue-chip Dow Jones Industrial Average up 0.1%, while the broader S&P 500 is off 0.3% and the tech-heavy Nasdaq Composite is down 0.6%.