Nvidia is set to release its first-quarter earnings for fiscal 2025, with a particular focus on the performance of its data center segment. The company, known for its AI technology, has seen significant growth in recent years, making it the third-largest company in the world by market capitalization. The company’s stock price has more than doubled in the past year and has increased by 92% in 2024.
The revenue growth of Nvidia has been driven by increased demand for its GPUs, especially in the data center segment. The company’s newly launched Blackwell platform is expected to contribute to further growth. Data center revenue has seen a substantial increase, with analysts predicting it could triple in the upcoming quarter.
Nvidia’s gross margin has also seen improvement, reaching 77% in the final quarter of the previous year. The CEO, Jensen Huang, has expressed confidence in the ongoing demand for AI chips, with analysts expecting significant increases in earnings per share and total revenue for the upcoming quarter.
Since the announcement of the Blackwell platform, Nvidia has received attention for its advanced computing technology. The platform aims to enhance AI models and reduce operating costs and power consumption. The company faces competition in the AI technology space but is expected to continue to grow due to its innovative offerings.
Restrictions on the export of Nvidia’s AI chips to China have affected the company’s sales in the region. The US government has imposed bans on certain chips, impacting Nvidia’s Data Center sales. Despite this setback, Nvidia remains focused on complying with regulations and redesigning chips for Chinese customers.
Overall, Nvidia’s upcoming earnings report will shed light on its performance in the first quarter of fiscal 2025, with a keen interest in how the data center segment continues to drive growth. Despite challenges in certain regions, the company’s innovative offerings and strong demand for AI technology position it for continued success in the future.
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https://www.euronews.com/business/2024/05/22/nvidia-shares-could-soar-as-traders-eye-first-quarter-earnings
