Nvidia is likely to report on Wednesday that its second-quarter revenue more than doubled. A beat or a miss on Wall Street expectations could either stoke...
- Nvidia is likely to report on Wednesday that its second-quarter revenue more than doubled. But investors used to its blockbuster results will be expecting even more from the artificial intelligence chip giant.
Tech heavyweights, including Microsoft, which are spending heavily to build out their AI infrastructure, have been buying Nvidia's powerful graphic processing units that allow large amounts of computing quickly. These chips are difficult to replace in present-day datacenters, which has sharply boosted Nvidia's fortunes.
These worries led to a 20% slump in Nvidia's stock through much of July and early August, though a recent recovery has left the stock just about 5% below its record high in June.There may be more trouble brewing around potential production delays of Nvidia's next generation Blackwell AI chips. CEO Jensen Huang said in May the chips would ship in the second quarter, but analysts have flagged design hurdles that could push the timeline.
Investors will also seek updates on AI processors for the China market, where sales of its most advanced chips are barred by the U.S. government.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street is still bullish on Nvidia ahead of Q2 earningsSixty-six Wall Street analysts have a Buy rating on Nvidia (NVDA) ahead of the chip giant's second quarter earnings due out Wednesday, August 28. Should...
Read more »
Nvidia stock slips ahead of earnings release as Wall Street reiterates bullish outlookNvidia stock is getting more Wall Street backing ahead of the company's crucial earnings report set for next week.
Read more »
Wall Street’s next big test is looming with Nvidia’s profit reportWednesday’s release has significant consequences to many investors
Read more »
Wall Street's next big test is looming with Nvidia's profit reportNEW YORK (AP) — How much hype is left in Nvidia's stock? Anyone with an S&P 500 index fund is hoping to get an answer to that weighty question next week
Read more »
Nvidia named top 'rebound' stock as Wall Street argues recent slump is overdoneNvidia stock rose on Monday as Wall Street analysts said the stock is poised to bounce back from its recent slump.
Read more »
Nvidia stock sees weekly loss as Wall Street sees 'urgent demand' keeping the chip trade intactNvidia is set to end the week slightly lower after some volatile market days. Wall Street is still bullish on the stock.
Read more »