NVDA published its quarterly earnings report.
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Revenue: $39.3 billion, surpassing analyst expectations of $38.04 billion to $38.2 billion (depending on the source).
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Earnings Per Share (EPS): $0.89 (adjusted), beating estimates of $0.84 to $0.85.
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Year-over-Year Growth: Revenue increased 78% from the same quarter a year ago, while EPS rose 71% (non-GAAP).
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Data Center Revenue: $35.6 billion, exceeding forecasts of $33.5 billion, driven by strong demand for AI-related graphics processing units (GPUs).
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Guidance: For the first quarter of fiscal 2026, NVIDIA projected revenue of $43 billion (±2%), above the consensus estimate of around $42.3 billion, though gross margins are expected to dip to 70.6% (GAAP) and 71.0% (non-GAAP) from 73% in Q4, due to costs associated with scaling Blackwell shipments.
NVDA rejection from a channel top marked the end of a third short-term wave upside and the beginning of the fourth wave pullback. Now we need to see a bounce from 115 confirmed for an extension higher to 170. A break above 138 is needed for that. Learn to Trade Stocks profitably.
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The NVDA weekly chart below reveals a test of the uptrend trend line 115 within a continuation wedge and bounces off it. At this point, buy positions have a greater probability of success. If we get a confirmed break above 140, we should see an acceleration of a reversal higher to 170. The invalidation of a reversal and extension higher in the fifth short-term wave will come only upon a break below 115.
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It is a fact that a strong upside resistance for Q1 2025 is 140 and If we get a confirmation of a breakout and a sustained extension above this level we could see still a strong upside continuation in the long-term third wave. You can take the long trade here with a stop loss below 116. You can trade with call options as well. For inquiries about account management or copy trading please write to [email protected] or contact me on WhatsApp or Live chat.
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