US EditionNvidia Prepares to Release Its Quarterly Results as AI Fears Weigh on the Stock Market
Nvidia expects $66.1 billion revenue, a 68% rise year-over-year, amid investor skepticism on AI demand sustaining chip sales, FactSet analysts say.
- This Wednesday the artificial intelligence chipmaker Nvidia delivers a quarterly report, with analysts projecting $66.1 billion in revenue for the fiscal quarter covering November through January.
- Amid heavy AI investment, industry commitments by Amazon, Microsoft, Alphabet and Meta Platforms total about $400 billion this year, boosting Nvidia's revenue from $27 billion to over $200 billion.
- Nvidia CEO Jensen Huang hailed `“off the charts”` demand for AI processors, yet investors punished shares, causing a 3% drop after the last quarterly report.
- Analysts project Nvidia's stock could approach $260 this year, which would push its market value beyond $6 trillion, according to analysts surveyed by FactSet Research.
- Given its market influence, because Nvidia now accounts for roughly 7% of the benchmark S&P 500, the quarterly report could sway markets if results suggest a $400 billion increase in annual sales.
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The Mercury news
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Nvidia Corp.'s earnings report on Wednesday afternoon comes at a critical time for the US stock market with investors increasingly nervous about the outlook for artificial intelligence.
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Associated Press News
Nvidia prepares to release its quarterly results as AI fears weigh on the stock market
Artificial intelligence chipmaker Nvidia on Wednesday will deliver a quarterly report likely to sway a jittery stock market as investors weigh whether the massive bets riding on technology’s latest craze will pay off.
Nvidia's profit report reaches the markets today at a critical time and with investors increasingly nervous about the prospects of artificial intelligence. While most Wall Street professionals anticipate solid results from the chip maker in the midst of growing spending on IT infrastructure, there is less certainty as to how their actions (and others) will respond at a time when fears about the disruption of AI and the permanence of large invest…
Analysts update Nvidia stock price target
With the February 25 earnings report approaching, Wall Street experts made themselves busy with updating – or, more often, reiterating – their 12-month outlook for Nvidia (NASDAQ: NVDA) stock. Specifically, as many as seven institutional analysts issued new NVDA share ratings and price targets on Monday, February 23, per the data Finbold retrieved from TipRanks on Tuesday. While all updates were bullish and featured ‘Buy’ ratings, KeyBanc’s John…
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