Nvidia gets ready to take over the stock market (again)

Published On Aug 25, 2024, 9:10 AM

Nvidia is set to report earnings after market close on August 28, which is highly anticipated by investors given its significant role in the AI chip market. The company has seen its stock surge 170% over the past year and is now perceived as crucial in facilitating AI advancements. However, there are concerns about shipment delays for its new AI chip, Blackwell, which could affect results. Analysts remain optimistic, citing strong demand for Nvidia's products from other technology firms. Key metrics to watch are whether Nvidia can assure investors that the shipment delays are temporary and show continued growth in its data center segment.

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Positive

Nvidia is expected to report strong earnings, but delays in new chip shipments could temper growth expectations. If the company addresses these concerns effectively and maintains strong sales in its data center operations, it could bolster investor confidence.

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