Breaking News
Investing Pro 0
💎 Access the Market Tools Trusted by Thousands of Investors Get Started

AI Darling Nvidia Is Everywhere This Conference Season​

By Christine ShortStock MarketsJun 06, 2023 19:39
uk.investing.com/analysis/ai-darling-nvidia-is-everywhere-this-conference-season-200580044
AI Darling Nvidia Is Everywhere This Conference Season​
By Christine Short   |  Jun 06, 2023 19:39
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
NVDA
+1.45%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
RDFN
-1.96%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
GOOG
-0.08%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
AMBA
-0.28%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
WDAY
+0.28%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
SPLK
+0.44%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

It’s been a busy few weeks for Nvidia (NASDAQ:NVDA) and it’s about to stay that way for the remainder of June. The AI computing company is in the midst of a month-long event cluster which started with earnings on May 24 and will end with their annual shareholder meeting on June 22.

Wall Street Horizon has found that while a standalone event such as a company’s upcoming earnings release date may affect volatility, investigating multiple events closely in relationship to one another can have a stronger impact on a company’s corporate financial health. Observing the information pre-event, during the event and post-event and how they interact is critical to understand how events relate to trading and risk strategies. Currently, we see a bullish event cluster lining up for NVDA.

After posting stellar earnings on May 24 and briefly joining the trillion-dollar market cap club on May 30 alongside Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT), Nvidia will be hot on the conference scene over the next two weeks, which includes a speaking slot at today’s Bank of America Securities Global Technology Conference in San Francisco.

May 24 - FQ1 2024 Earnings Report and Conference Call

Nvidia’s month-long event cluster officially kicked off with their earnings report on May 24 which blew expectations out of the water. The supplier of graphics processing units (GPUs) recorded FQ1 2024 EPS of $1.09, well ahead of expectations for $0.92. Revenues also surpassed expectations, coming in at $7.2B vs. an estimate of $6.5B.

The company noted that performance was supported by surging demand for GPU chips from cloud vendors as well as other internet companies that use them for generative AI applications such as OpenAI’s ChatGPT. These AI chips are becoming a necessity for any company that manages data centres and large numbers of servers.

May 29 - June 2 - Computex Taipei

Last week, Nvidia CEO Jensen Huang joined Computex Taipei as the opening keynote speaker where he made a number of announcements from chip release dates to upcoming partnerships. The major focus was NVDA’s data center applications such as AI GPUs and the ‘Nvidia Omniverse.’ Other products that Nvidia is well known for, such as gaming chips, were not mentioned as heavily expected, with no news on their upcoming RTX 4060 GPU.

Huang was not the only speaker from Nvidia at this year’s Computex, however. Greg Estes, VP of Corporate Marketing and Developer Programs gave a talk on day two of the conference entitled "Racing Towards the Industrial Metaverse.” In an extension of some themes from Huang’s talk, Estes focused on how NVDA and their partners are currently using Omniverse, generative AI and accelerated computing.

June 6 - Bank of America Securities Global Technology Conference 2023

9:20 AM PDT speaking time, San Francisco

While it hasn’t been made public who will be speaking on Nvidia’s behalf, last year CEO Jensen Huang gave the opening keynote address at this conference which is a who’s who of the tech industry. Nvidia will be in good company again this year as the agenda includes talks from industry execs at other big tech names such as IBM (NYSE:IBM), Cisco (NASDAQ:CSCO), Splunk (NASDAQ:SPLK), Workday (NASDAQ:WDAY), Intel (NASDAQ:INTC), Redfin (NASDAQ:RDFN), Ambarella (NASDAQ:AMBA) and more.

June 7 - Rosenblatt Securities 3rd Annual Technology Summit - The Age of AI (Part I)

12:00 - 12:45p EDT speaking time, virtual

The very next day, Nvidia’s VP & GM of Hyperscale & HPC, Ian Buck, will join the Rosenblatt Securities 3rd Annual Technology Summit for a virtual fireside chat from 12-12:45 EDT.

June 12 - New Street Research’s Future of Transportation Conference

12:00 - 12:30p ET, virtual

On June 12, Nvidia’s VP & GM of Automotive, Ali Kani, will speak at New Street Research’s Future of Transportation conference on the topic of Autonomous Technologies.

June 22 - Annual Shareholder Meeting

11:00 AM PDT, Virtual

On June 22, Nvidia will hold their annual shareholder meeting virtually.

Conference season mostly wraps up ahead of summer break in July and August. After their shareholder meeting, the next time we are likely to hear an update from Nvidia is on their FQ2 2024 earnings call on August 23.

AI Darling Nvidia Is Everywhere This Conference Season​
 

Related Articles

AI Darling Nvidia Is Everywhere This Conference Season​

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email