US EditionNvidia's Earnings Attest to Its Leadership in the AI Race. By the Numbers
Analysts forecast over 50% growth in Nvidia's Q3 net income and revenue despite investor caution amid rising AI spending by major tech firms.
- On Wednesday, Nvidia Corp is set to report fiscal third-quarter earnings after the market closes, with LSEG consensus expecting EPS $1.25 on $54.92 billion revenue and guidance of $1.43 on $61.66 billion.
- Investors have grown suddenly wary of AI spending, leaving questions about how the sinking stock market will react and increasing pressure on Nvidia to exceed lofty expectations.
- Wall Street forecasts point to strong growth, with analysts polled by LSEG expecting Nvidia's sales to rise 39% in the fiscal third quarter.
- Investors will closely parse Jensen Huang's remarks as Nvidia's market value fell by more than 10% just three weeks after reaching $5 trillion, according to Interactive Brokers' Sosnick.
- Demand drivers include major hyperscalers and AI labs, with Microsoft, Amazon.com, Alphabet, and Meta Platforms representing over 40 per cent of Nvidia's sales, with AI spending projected to increase to $440 billion, while Nvidia reported $500 billion in chip orders last month and invested $10 billion in Anthropic.
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AI doomsday? Not yet. Why Nvidia results are dragging the tech bulls back to work
Nvidias blockbuster earnings shattered fears of an AI slowdown, delivering a record revenue beat and reigniting a global tech rally. Surging demand for Blackwell GPUs, strong guidance, and accelerating data-center growth helped silence AI doomsday narratives. Markets across Asia rallied sharply as investors regained confidence that the AI boom is far from losing momentum.
The Chipriese Nvidia reports far better numbers than expected and sits on impact filled cash registers. Even if the AI bubble has not burst so far, there is reason for nervousness for investors and investors.
Nvidia's earnings attest to its leadership in the AI race. By the numbers
Nvidia reported more eye-catching numbers for its fiscal third quarter Wednesday, with net income jumping 65% and revenue increasing 62% from a year earlier. Nvidia last month became the first public company to reach a market capitalization of $5 trillion.…
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