NVIDIA’s winnings are in: were they a jackpot or a loss?

Imagine you are sitting at a poker table. The tension is palpable as you think about your next move. The outcome of the next hand will be the result of a mixture of strategy, psychology and chance.

This is what many investors experience every earnings season. After careful planning and execution, earnings season is when companies finally put their cards on the table for all to see. Companies that best estimate and provide positive outlook guidance tend to gain chips, while companies that miss and/or provide a poor outlook see their stocks fall.

This week, the stakes couldn’t be higher for the company that’s been running the table for a while now: NVIDIA Corporation (NVDA).

Now, most of NVIDIA’s better-than-expected sales, earnings and guidance numbers of late have been due to its older AI chips, namely the Hopper H100 graphics processing unit (GPU). However, the company is now transitioning to its new AI chip, the Blackwell GB200 GPU. Unfortunately, there have been reports that the new chip could be delayed by at least three months.

As a result, Wall Street was eager for the company to issue guidance on Blackwell GB200 GPU shipments and backorders. In fact, we predicted that this would likely be even more important than the company’s actual Q2 sales and earnings results.

So, with rumors spreading and tensions rising, the question on people’s minds is… Can NVIDIA deliver another jackpot performance?

Last Friday 360 Squarewe previewed what analysts expected from the company’s latest earnings report. Well, NVIDIA showed its last hand yesterday after the market closed. So, in today’s 360 SquareI’ll discuss the details of NVIDIA’s latest financial results, whether it was another winning hand or just a losing one… and whether it’s still a good buy.