Nvidia’s results are on the horizon, and Wall Street is bracing for huge news as the chip giant prepares for a massive earnings report. In this eagerly anticipated earnings results, the tech behemoth is on track for a record-breaking quarter, with expectations rising as Nvidia prepares to reveal spectacular numbers.
The big question remains: will the semiconductor king reign supreme? As the countdown to Nvidia’s earnings begins, the market anticipates high-flying results that might be a game-changing quarter. Investors hold their breath as Nvidia’s earnings announcement approaches, eager to see if another revenue spike is on the way.
Nvidia (NVDA), the AI darling of global investors, is scheduled to release earnings on Wednesday. The chipmaker is anticipated to report yet another quarter of strong earnings and revenue growth amid rising AI demand. With over 2.38 trillion dollar market cap, Nvidia’s share price ($953) has increased by 200% and nearly 100% over the last 12 months and year to date, respectively.
Analysts predict Nvidia’s revenue and outlook to exceed experts’ expectations by over $1 billion, potentially leading to a significant rise in the company’s stock price. Nvidia’s revenue is expected to be $24.74 billion, with net income of $12.91 billion or $5.19 per share, according to most analysts. In the fourth quarter and fiscal 2024, Nvidia’s recorded quarterly revenue of $22.1 billion with net income of $12.28 billion or $4.93 per share.
“Nvidia’s quarterly results on Wednesday could set the tone for U.S. stock markets and reverberate through companies exposed to the burgeoning artificial intelligence field. The semiconductor company at the center of the excitement over AI’s business potential is expected to report a massive jump in revenue and profit for its fiscal first quarter,” says Zacks Research Director, Sheraz Mian.
Nvidia is expected to report robust earnings once again, fueled by its dominance in the AI sector and strong demand for its GPUs.
“Hotly anticipated earnings announcement from semiconductor behemoth Nvidia. The options market is anticipating a sharp move in the bellwether name after the company releases its earnings results, which may embolden equity bulls or awaken the bears from hibernation,” says José Torres, Senior Economist at Interactive Brokers.
However, the road ahead for NVDA stock may not be as fruitful to investors as in the past, is what Nigel Green, CEO, deVere Group feels, “However, the anticipated share price jump, which we expect to be around 8%, is likely to be less dramatic than previous quarters. This tempered expectation reflects a market that has already priced in much of Nvidia’s rapid growth and stellar performance.”