> ## Content Index
> Fetch the complete content index at: https://www.huntingalphas.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Nvidia Q2 FY25 Preview: Top Clients' Capex Spend Expectations Signal Caution (Archive)
- URL: https://www.huntingalphas.com/nvidia-q2-fy25-preview-top-clients-capex-spend-expectations-signal-caution-archive/
- Published: 2024-08-26T18:40:00.000Z
- Updated: 2026-02-27T13:14:33.000Z
- Description: Capex headwinds temper Nvidia’s stellar track record ahead of Q2 FY25 earnings reaction.
- Author: Vish (Hunting Alphas)
- Tags: 5-Minute Pitches, #noindex, Archive, #sa-origin, NVDA, Tech

*This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.*

## Elevator Pitch

- Nvidia Corporation will probably post a result beat in revenues and margins, simply because it has a phenomenal track record of doing so over the past 78 quarters.
- Instead, I expect the market's focus to be on the revenue guidance beat/miss. The market's expectations are sky-high here, as other semi stocks have been punished for in-line guidance.
- Downward revisions in Nvidia's top clients' capex spend expectations lead me to have low expectations for Nvidia's revenue guidance, and a cautious stance for a potential post-earnings stock dip.
- I still think a 43x 1-yr fwd P/E is not excessive for Nvidia, given its rapid growth at high margins.
- Technically, vs. the S&P 500, there are very few reasons to be bearish on Nvidia.

Read the full article [here](https://seekingalpha.com/article/4717175-nvidia-q2-fy25-preview-top-clients-capex-spend-expectations-signal-caution?ref=huntingalphas.com).

#### Disclosures and Disclaimers

**Past performance ≠ future results. Not investment advice. See* [**full Disclaimer*](https://www.huntingalphas.com/disclaimer/)**.*