The tech company has benefited from fast-growing demand for chips capable of powering AI technology. Revenue and earnings have been soaring.
All eyes will be on Nvidia on Wednesday. The chip giant is set to report earnings at a time when investor interest in AI is in flux.
After the big stock selloff in July, the S&P 500 index has clawed back most of its losses.
NVDA was down as much as 35% in the recent market pullback. I was able to be greedy when others were fearful, acquiring 650 more shares. NVDA is likely to beat and raise this earnings report by 15% to 20%, unveil a $30 to $50 billion buyback, and potentially raise the dividend again. Market options are pricing in an 8.7% single-day swing after earnings, and 5% to 15% is likely, given channel checks and 2024 fundamentals.
Nvidia announced a 10-for-1 stock split in May and completed it in June. The chipmaker is the market leader in data center GPUs, and strong demand for hardware capable of supporting AI workloads led to phenomenal financial results in recent quarters.
Nvidia's H100 graphics processing unit (GPU) has quickly become the standard in high-compute data centers running generative AI solutions and training large language models. When Nvidia lifts the hood on its fiscal second-quarter operating results on Aug. 28, there will be a figure far more important than revenue and net income to pay attention to.
The Q2 earnings season has effectively come to an end, with results from more than 95% of S&P 500 members already out, with even most of the major Retail sector results known by now. That said, this week's line-up of quarterly results from more than 140 companies, including 15 from S&P 500 members, includes quarterly results from the only Magnificent 7 member yet to report results, Nvidia NVDA.
Nvidia (NVDA) will report second-quarter results for fiscal 2025 after the bell on Wednesday, Aug. 28, with investors likely watching for sustained data center growth and any updates on reported delays affecting the new Blackwell artificial intelligence (AI) chip.
Expectations for Nvidia's (NVDA) earnings release Wednesday are on the rise, in what could make it harder for the artificial intelligence (AI) darling to impress investors.
Investors may have high hopes that Nvidia Corp. will again report strong earnings that propel its stock to record highs, but the options market appears to be saying, not so fast.
Nvidia (NVDA) will report its earnings next Wednesday. Aside from being the most-traded stock on the market, investors will look for signs of A.I.
Nvidia stock got a boost today from positive analyst coverage and news suggesting the Federal Reserve will cut interest rates in September. Nvidia is scheduled to publish second-quarter results next week, and expectations are high heading into the report.