Nvidia Earnings Will Put The AI Trade to Another Test. Wall Street Expects a $92 Billion Quarter.
Wall Street expects adjusted earnings of $2.09 a share as Nvidia’s data center sales and AI financing push test demand for chip spending.
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Expectations are high for Nvidia going into the chip giant's second-quarter earnings this week.I-Hwa Cheng / AFP via Getty ImagesNvidia will deliver a crucial update on the AI trade when it reports earnings on Wednesday. Expectations are high for the chipmaker as Wall Street looks for signs of enduring demand for AI hardware. The stock has been volatile in recent months, and investors will be looking for a fresh catalyst to boost shares. Nvidia …
Nvidia Earnings Will Put The AI Trade to Another Test. Wall Street Expects a $92 Billion Quarter.
Nvidia's Data Center business is expected to have generated more than $85.4 billion in quarterly revenue, a 107% increase from the same period last year.
On Wednesday, the US chip giant Nvidia will be presenting its latest quarterly figures. For days, the stock exchanges around the world and in particular New York's Wall Street have been looking forward to this. It is estimated that revenues will almost double to 92 billion dollars year-on-year. However, investors expect Nvidia to be no less than a quarter-on-quarter result to flush away the fear of a burst of AI bubble.
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