Nvidia set to report fourth-quarter earnings after the bell
NVDA
is scheduled to announce fiscal fourth-quarter earnings after the bell Wednesday in a highly anticipated report that will give Wall Street a sense of how long the AI boom can last.
Here’s what Wall Street is expecting according to LSEG, formerly Refintiv, consensus estimates:
-Earnings per share: $4.64, adjusted
-Revenue: $20.62 billion
Nvidia has been the primary beneficiary of the recent technology industry obsession with large artificial intelligence models, which are developed on the company’s pricey graphics processors for servers.
Nvidia’s stock price has soared nearly fivefold since the end of 2022, giving the company a market value of $1.72 trillion, briefly surpassing tech giant
AMZN
and
GOOGL
Nvidia has to meet elevated expectations stoked by investor appetite for AI companies.
Analysts expect Nvidia to post a 240% increase in revenue from the year-ago period, for a total of $20.6 billion, driven by $17.06 billion in data center revenue — the business that sells AI GPUs like the H100. Net income is forecast to surge more than sevenfold to $10.5 billion in the January quarter.
Nvidia is also planning to start shipping a new highest-end server GPU called the B100 in 2024. The timing of that chip could affect the company’s growth rate.
In the current quarter, Wall Street analysts expect a 208% rate of growth to about $22.17 billion in sales.
Nvidia has other businesses, from chips for PC gaming to automotive chips. But the focus Wednesday will remain primarily on its AI GPUs, which make up more than 80% of Nvidia sales.
Nvidia became the future
Then, things really happened. First, we must account for a 4-for-1 stock split in July 2021.
As that happened, tech giants realized those graphical chips could handle lots and lots of data. Artificial intelligence was coming long, and its promoters realized the technology, even the early versions, needed chips that could handle all that data at lightning speeds.
NVDA
is scheduled to announce fiscal fourth-quarter earnings after the bell Wednesday in a highly anticipated report that will give Wall Street a sense of how long the AI boom can last.
Here’s what Wall Street is expecting according to LSEG, formerly Refintiv, consensus estimates:
-Earnings per share: $4.64, adjusted
-Revenue: $20.62 billion
Nvidia has been the primary beneficiary of the recent technology industry obsession with large artificial intelligence models, which are developed on the company’s pricey graphics processors for servers.
Nvidia’s stock price has soared nearly fivefold since the end of 2022, giving the company a market value of $1.72 trillion, briefly surpassing tech giant
AMZN
and
GOOGL
Nvidia has to meet elevated expectations stoked by investor appetite for AI companies.
Analysts expect Nvidia to post a 240% increase in revenue from the year-ago period, for a total of $20.6 billion, driven by $17.06 billion in data center revenue — the business that sells AI GPUs like the H100. Net income is forecast to surge more than sevenfold to $10.5 billion in the January quarter.
Nvidia is also planning to start shipping a new highest-end server GPU called the B100 in 2024. The timing of that chip could affect the company’s growth rate.
In the current quarter, Wall Street analysts expect a 208% rate of growth to about $22.17 billion in sales.
Nvidia has other businesses, from chips for PC gaming to automotive chips. But the focus Wednesday will remain primarily on its AI GPUs, which make up more than 80% of Nvidia sales.
Nvidia became the future
Then, things really happened. First, we must account for a 4-for-1 stock split in July 2021.
As that happened, tech giants realized those graphical chips could handle lots and lots of data. Artificial intelligence was coming long, and its promoters realized the technology, even the early versions, needed chips that could handle all that data at lightning speeds.
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SM World and Economy News 24/7
Urgent News ⚡️:
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