Yahoo Finance
Bank of America was not particularly interested in that part of the story.
The firm's note, published ahead of the report, was really about one thing: whether the market had correctly priced the scale of what Nvidia has been doing with its balance sheet.
The answer, according to Bank of America, was no.
The results Nvidia delivered made that argument harder to dismiss.
25, analyst Vivek Arya reiterated a Buy rating and a $350 price target on Nvidia, implying roughly 64% upside from where the stock was trading that day.
The note's title says everything about where the firm directed investor attention: "Balance sheet disclosures could speak louder than EPS beat." ALSO READ:NVIDIA Corp.
Q2 2027 Earnings: Live Updates of $NVDA Earnings Call, Forecast Nvidia delivered revenue of $96.2 billion for the second fiscal quarter, up 106% year over year and well above consensus expectations of roughly $92 billion,according to Nvidia's official earnings release.
Data center revenue came in at $89 billion, up 117% year over year.
Now, compute is revenue," Jensen Huang said on the earnings call.
"And demand is accelerating." Nvidia also returned roughly $26 billion to shareholders in the quarter through buybacks and dividends, with approximately $99 billion remaining under its buyback authorization.
What the market had not priced properly, Bank of America argued, was the scale of what Nvidia had committed financially to keep the AI ecosystem running.
It is increasingly financing the companies that buy them.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
Comments
Post a Comment