Nvidia’s earnings approach amid high expectations, fueled by AI demand and a 25% stock rise over three months.
Sectors & Industries
October 28, 2024
The market’s impressive rally can largely be attributed to Nvidia and the AI boom. Nvidia is set to lead this earnings season, with its stock climbing 25% over the past three months.
CEO Jensen Huang's remark about "insane" demand for the upcoming Blackwell chip has sparked further investor enthusiasm. With data center revenue surging 279% year-over-year, expectations are high for Nvidia's earnings report next month. Despite past volatility, Nvidia continues to dominate AI chip sales, supported by hyperscalers like Microsoft, Google, and Amazon.
Investors are eagerly anticipating updates on the Blackwell chip rollout and potential supply constraints, along with earnings reports this week from other tech giants like Amazon, Meta, and Apple, which have been key drivers of the AI rally.
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