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Nvidia earnings are this week. Here's what Wall Street expects

Nov 18, 2024 - qz.com
Nvidia, a leading chip design company, is set to report its fiscal third-quarter earnings on Wednesday, with analysts predicting revenues of $33 billion and a net income of $17.4 billion. Despite the company's shares rising by 204.7% this year and surpassing Apple's market cap, its shares fell in after-hours trading due to investors' disappointment over lower-than-expected revenue guidance. Nvidia has set its third-quarter revenue guidance at $32.5 billion, slightly below top-end estimates.

In other news, Nvidia recently announced that Japan’s SoftBank Group will be the first customer to receive its highly anticipated Blackwell artificial intelligence chips. The company had previously faced a setback due to a design flaw in the Blackwell chips, which caused production and shipping delays. However, Nvidia's CEO, Jensen Huang, confirmed that the issue has been resolved in collaboration with Taiwan Semiconductor Manufacturing Company.

Key takeaways:

  • Nvidia is expected to report revenues of $33 billion for the third quarter of fiscal year 2025, with a net income of $17.4 billion and earnings per share of $0.75.
  • The company's shares are up 204.7% this year, despite a fall in after-hours trading due to investor disappointment with the revenue guidance.
  • Nvidia recently became the most valuable public company in the world, surpassing Apple, and announced that Japan’s SoftBank Group will be the first customer to receive its Blackwell artificial intelligence chips.
  • In August, Nvidia’s stock fell around 8% after a report said Blackwell’s production was delayed due to a design flaw, impacting major customers such as Google and Microsoft.
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