Mizuho Maintains Buy on NVIDIA, Raises Price Target to $710
Mizuho analyst Vijay Rakesh maintains NVIDIA (NASDAQ:NVDA) with a Buy and raises the price target from $675 to $710.
Just 2.7% Of Nvidia Revenue In Blowout Quarter Came From Crypto Mining Chips, But That’s Not The End Of Story
Nvidia Corporation (NASDAQ: NVDA) said it has benefitted from record revenue in the first quarter ended May 2, with a small part of the revenue generated from the sale of dedicated cryptocurrency mining hardware, but there is more than meets the eye.
Recap: NVIDIA Q1 Earnings
Shares of NVIDIA (NASDAQ:NVDA) fell in after-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share increased 103.33% year over year to $3.66, which beat the estimate of $3.28.
Earnings Scheduled For May 26, 2021
Companies Reporting Before The Bell
• Boqii Holding (NYSE:BQ) is expected to report quarterly loss at $0.14 per share on revenue of $35.05 million.
What’s Going On With Nvidia And Micron Stock Today?
NVIDIA Corporation (NASDAQ: NVDA) shares are trading higher by 4.2% at $625.22 Monday afternoon amid strength in semiconductor names, as chip shortage concerns lift price outlook. The company reports first-quarter results on Wednesday.