Nvidia, a leading chipmaker, is set to report its quarterly results, with analysts predicting strong earnings of $5.59 per share on $24.65 billion in revenue. The company’s performance will be closely watched by Wall Street, especially regarding the demand for its artificial intelligence chips. Nvidia has been surprising analysts with strong demand for its products, and expectations remain high as the AI trend continues to gain momentum. The company’s H100 Hopper chips and upcoming Blackwell graphics processing units are expected to drive further growth, with analysts raising their price targets for the stock. However, some analysts are cautious about a possible slowdown in growth and a temporary dip in sales as Nvidia transitions to new products. Despite these concerns, many analysts remain confident in Nvidia’s ability to navigate the changing landscape and maintain strong growth. Overall, Nvidia’s performance in the upcoming quarter will provide key insights into the company’s future prospects and its impact on the broader US stock market.
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https://www.cnbc.com/2024/05/22/ai-darling-nvidia-reports-after-the-bell-what-wall-street-is-watching-.html
