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Nvidia to report Q3 earnings Wednesday as AI fever continues to power Wall Street [Yahoo! Finance]
Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
The world's largest publicly traded company by market cap, Nvidia's stock price has continued to rocket higher throughout 2024, thanks to the explosive growth in AI across the tech landscape and beyond. Shares of Nvidia were up 189% year to date as of Friday, easily outpacing any of the company's chip rivals. AMD ( AMD ), Nvidia's closest competitor, has seen its stock price sink nearly 8% year to date, while Intel ( INTC ), which is contending with a difficult turnaround, has seen its stock plunge 51%. Nvidia is expected to report Q3 earnings per share (EPS) of $0.74 on revenue of $33.2 billion, according to analysts' estimates compiled by Bloomberg. That works out to an 83% year-over-year increase on both the top and bottom lines versus the same period last year when Nvidia saw EPS of $0.40 on revenue of $22.1 billion. Nvidia's Data Center segment, its largest business, is set to bring in $29 billion for the quarter. That's a 100% increase versus the $14.5 billion the company r
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