Nvidia to report Q3 earnings Wednesday as AI fever continues to power Wall Street

Published On Nov 15, 2024, 1:58 PM

Nvidia will report its Q3 earnings next Wednesday, with expectations of strong growth propelled by AI advancements. Analysts forecast earnings per share (EPS) at $0.74 and revenues at $33.2 billion, marking year-over-year increases of 83%. The Data Center segment is anticipated to generate $29 billion, a 100% rise from the previous year. Investors are keen on not just the earnings results but also any guidance on the upcoming quarter and commentary on tariff concerns related to chip production.

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Positive

Nvidia's strong earnings forecast, fueled by AI demand, positions it favorably ahead of the earnings release. The tech sector's focus on AI and Nvidia's leadership therein could maintain upward momentum.

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