2 Powerful Reasons to Remain Bullish on Semiconductors

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 69 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 53%

NVIDIA Corporation News

Philadelphia Semiconductor Index,Vaneck Semiconductor ETF

Stocks Analysis by Brian Gilmartin covering: NVIDIA Corporation, Philadelphia Semiconductor Index, VanEck Semiconductor ETF. Read Brian Gilmartin's latest article on Investing.com

The block highlighted is simply the estimate changes for each of the next 3 fiscal years since mid-month and then as of the day of the earnings release up until today, 5/28/24.

What’s even more impressive than the EPS revisions is the size of the revenue estimate revisions in such a short period.There is too much being written about the semi-sector and NVDA these days, so this will be the last comment on it for a while. But Chris Kimble’s chart above, and the size of those estimate revisions on NVDA, are powerful reasons to be bullish on SMH.rose 2% and Treasury yields rose after a lousy auction, which put threw a wet blanket on the day’s trading.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coca-Cola Earnings Preview: AI-Based Improvements to Show Up in Operating MarginsStocks Analysis by Brian Gilmartin covering: Coca-Cola Co. Read Brian Gilmartin's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

S&P 500 Earnings Remain Strong: Upside Surprise Higher than Last Few QuartersStocks Analysis by Brian Gilmartin covering: S&P 500, Microsoft Corporation, Alphabet Inc Class A, Apple Inc. Read Brian Gilmartin's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

S&P 500 Earnings: Which Sectors Have Shown Improved Growth Rates for 2024?Stocks Analysis by Brian Gilmartin covering: S&P 500, Cisco Systems Inc, NVIDIA Corporation, Walmart Inc. Read Brian Gilmartin's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Walmart Earnings Preview: America’s Inflation Fighter and AI BeneficiaryStocks Analysis by Brian Gilmartin covering: Amazon.com Inc, Walmart Inc, Kroger Company, Albertsons Companies. Read Brian Gilmartin's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Nvidia to Report Earnings This Week Amid High Expectations, Positive MomentumStocks Analysis by Brian Gilmartin covering: Nasdaq 100, S&P 500, Microsoft Corporation, Apple Inc. Read Brian Gilmartin's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Is $100 Possible for Walmart Stock in 2-3 Years?Stocks Analysis by Brian Gilmartin covering: Cisco Systems Inc, Costco Wholesale Corp, Walmart Inc. Read Brian Gilmartin's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »