Nvidia We plan to report our second quarter results after the afternoon bell.
According to analyst forecasts compiled by LSEG, the key numbers are:
Earnings per share: Estimated $2.10 Revenue: Estimated $92.17 billion
Nvidia is at the center of the world of artificial intelligence and is experiencing breakneck growth on the back of the AI boom.
The company’s chips are used to build and service cutting-edge AI models, and Nvidia is increasingly providing financial support through backstops and other arrangements that allow it to fund and build new AI data centers.
Approximately 4 years have passed since its release, OpenAI ChatGPT, Nvidia is still seeing strong growth, with revenue expected to nearly double in the latest quarter from $46.7 billion a year ago.
But after three years of historic gains, investors have been a little less optimistic about the stock this year, with the stock up just 14% as of Tuesday’s close, slightly outperforming the Nasdaq. Business is going well, but competition is on the horizon. advanced micro device, google And others. Additionally, the company is facing soaring memory costs as the global memory shortage shows no signs of abating.
Nvidia is in the middle of a major product cycle. The company’s new Vera Rubin AI system is beginning to ship to customers including: microsoft OpenAI and investors want to hear how sales are increasing and if there have been any issues with supply.
Earlier this year, Huang told attendees at the company’s GTC conference that he expects sales of the current generation of Blackwell chips and Vera Rubin to reach $1 trillion by 2027.
The company’s conference call with investors will begin at 5 p.m. ET. Starting at 6pm ET, tune in to “Mad Money,” where NVIDIA CEO Jensen Huang discusses earnings with CNBC’s Jim Cramer. Watch in real time on CNBC+ or CNBC Pro streams.
CNBC reporters cover NVIDIA’s earnings from bureaus in San Francisco and Englewood Cliffs, New Jersey.
