Chinese jobs help lift hiring overall at NVIDIA ahead of earnings call
While doing research into the NVIDIA Corporation ($NASDAQ:NVDA) for its earnings call on Thursday, November 14, we found a surprising trend as of late. In August, there was a huge spike in the total number of job listings, and we found that the main culprit was Chinese jobs. It seems that a collection of reasons made Nvidia want to not only hire more but do so in the world's 3D printer, China.
With the upcoming release of the next-generation consoles in late 2020, Nvidia is attempting to compete with AMD ($NASDAQ:AMD), who already have the Sony and Microsoft contracts for the PS5 and Xbox Scarlett, by investing in itself. The plan is to ride the coattails off of ray tracing technology, new chips being manufactured, and cryptocurrency miners. It also helps that the Nintendo Switch and Switch Lite are powered by Nvidia chips, and those are selling like hotcakes. All of this leads into their earnings call, which according to Zacks Investment Research (based on analysts' forecasts) the consensus EPS forecast for the quarter is $1.24.
It may have been the Trump trade war or some other reason, but hiring in China is back on track to pre-2019 numbers.
This coincides with the total number of openings at Nvidia, almost to a tee. It's been a total rebound in the hiring practices at Nvidia, and we suspect the Chinese openings are the main reason, alongside more "gaming" jobs being listed.
Obviously, Nvidia works on many more things other than video games, but it's interesting to see that the specific term pop up more in the search within our data.
All this hiring has just helped the total headcount at Nvidia creep up to all-time highs.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.