Nvidia is set to report its earnings after the market closes, with analysts predicting an adjusted earnings per share of $5.65 on revenue of $24.69 billion. This marks a significant increase from the same quarter last year when the company posted adjusted EPS of $1.09 on revenue of $7.19 billion. Nvidia’s share price has soared by around 210% over the past year.
Currently, Nvidia shares are down slightly, trading at $949.35, a decrease of -$4.58 or -0.49%. Just the day before, the stock closed at a new record level of $953.86.
According to CNBC, the driving force behind Nvidia’s performance is not explicitly mentioned in the provided content.
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