EARNINGS: Nvidia Expected To Report 84% Year-Over-Year Revenue Growth
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Nvidia, a leading technology company, is gearing up to release its Q3 earnings report after market close today.
Analysts predict a remarkable 84% year-over-year revenue growth, totalling $33.28 billion.
This surge is primarily attributed to the skyrocketing demand for AI infrastructure and a record-breaking $29.53 billion in data centre sales.
Investors eagerly await insights into the shipment of Nvidia’s groundbreaking Blackwell AI chip, which has the potential to solidify the company’s market leadership.
Despite robust demand, supply constraints might impact short-term projections.
With shares already experiencing a nearly 200% increase this year, Nvidia remains a pivotal force in the generative AI revolution, shaping the future of computing.
Data: eToro, FactSet, Morningstar, S&P Capital IQ, ProRealTime, MarketScreener