Wednesday following the bell, Nvidia releases its second fiscal quarter earnings. Based on LSEG forecasts for the quarter ending in July, Wall Street anticipates the following from the chipmaker:
Profits per share: adjusted 64 cents Income: $28.7 billion.
The main gainer from the ongoing explosion in artificial intelligence is Nvidia.
Since the end of 2022, its market value has increased by over nine times.
Investors will be watching for signs that the market for AI is still quite strong.
Nvidia is predicted by analysts to report sales growth in the triple digits for the fourth consecutive quarter on Wednesday, but overall growth is predicted to decrease over the next seven quarters as year-over-year comparisons become more difficult.
Source (CNBC)
