On October 23, 2024, Nvidia CEO Jensen Huang arrived at the supercomputer Gefion launch event held at the Vilhelm Lauritzen Terminal in Kastrup, Denmark.
Richard Scanpix | Mads Klaus Rasmussen | Mads Klaus Rasmussen Reuters
NVIDIA Third-quarter earnings will be released after the market close on Wednesday.
According to London Stock Exchange Group consensus estimates, Wall Street is looking for the following:
- income: US$33.16 billion
- Earnings per share:75 cents, adjusted
How Nvidia sees the current quarter unfolding is more important than the results. Investors want to see whether the chipmaker can continue its rapid growth even as the artificial intelligence boom enters its third year. Wall Street expected Nvidia to earn 82 cents per share on sales of $37.08 billion.
Much of future growth will come from Blackwell, whose next-generation artificial intelligence chips for data centers are currently shipping to customers Microsoft, Google and Oracle.
Analysts will be carefully listening to CEO Jen-Hsun Huang’s comments to hear what he thinks about Blackwell’s needs. The company could also address reports of problems being experienced by some systems based on Blackwell chips. overheating problem.
In August, Nvidia said it expected Blackwell’s January quarter sales to be in the “billions of dollars.”
Nvidia shares have nearly tripled since the start of 2024.
The company reported sales growth of 122% in the latest quarter, but that was slower than the 262% year-over-year growth in the April quarter and the 265% growth in the January quarter.
