Beyond analysts' top -and-bottom-line estimates for Nvidia (NVDA), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended April 2024.
It's pretty well-established that the company is seeing “insatiable” demand for artificial-intelligence accelerators, Oppenheimer Rick Schafer noted, adding that he and most others expect to see another beat-and-raise quarter from Nvidia NVDA, -1.35% when it reports quarterly earnings on Wednesday afternoon.
Reddit is partnering up with OpenAI.
It's been a solid year for shares of Nvidia Corporation NASDAQ: NVDA. Having had a stellar 2023, they've already tacked on an impressive 100% value since January.
Billionaire investor and founder of Duquesne Capital, Stanley Druckenmiller's recent move to slash his Nvidia Corp. (NASDAQ:NVDA) stake by 72% in Q1 2024 has piqued investors' interest.
Nvidia shares have soared in the triple digits over the past year, thanks to the company's dominance in the artificial intelligence chip market. The company may announce a triple-digit increase in revenue when it reports earnings next week.
Innovations such as its NVL72 liquid-cooled rack system could help the chip maker keep its dominant market share in hardware to train AI systems.
Nvidia (NVDA) is set to report earnings for its fiscal first quarter of 2025 after the bell Wednesday, with investors likely to be watching for sustained growth in its data center segment and any updates on the new Blackwell platform.
Ahead of its earnings report after the close on Wednesday, May 22, Nvidia Corp (NASDAQ:NVDA) stock once again took second place on Schaeffer's Senior Quantitative Analyst Rocky White's list of names that attracted the most options volume during the last two weeks.
Nvidia (NASDAQ: NVDA ) stock is in the news Thursday after the company announced a new deal with Northrop Grumman (NYSE: NOC ). Northrop Grumman's agreement with Nvidia gives it access to the graphics card company's artificial intelligence ( AI ) platform.
Nvidia's chief, Jenson Huang, saw his compensation package swell by 60% in fiscal 2024, driven by a substantial rally in the company's share price and triple-digit growth in both revenue and operating profit. Huang's total compensation rose to $34.16 million from $21.
NVIDIA's (NVDA) robust financial performance and pivotal role in shaping transformative technologies like AI, gaming and data center solutions make it a compelling choice for investors seeking exposure to the semiconductor industry.