Nvidia is set to release its fiscal first-quarter results after the market closes, with analysts expecting earnings per share of $1.76 and revenue of $78.85 billion.
The company is projected to see a 79% year-over-year revenue increase, driven by continued investments from leading internet and AI firms.
For the second quarter, analysts forecast sales growth of 86%, reaching $86.8 billion.
Despite its impressive recent performance, Nvidia has seen some investor rotation toward other chipmakers like Intel, AMD, and Micron, which have been top performers this year.
However, Nvidia’s stock has still risen 11% over the past month, reflecting confidence in its ongoing role as a key provider of compute technology.
Source (CNBC)
