Explore the latest developments concerning Nvidia reports third-quarter.
Nvidia reports third-quarter earnings after the bell
Artificial intelligence chipmaker Nvidia is scheduled to report fiscal third-quarter earnings on Wednesday after the market closes.
Wall Street is expecting the chipmaker to guide in the current quarter to $1.43 in earnings per share on $61.66 billion of revenue. Nvidia typically provides one quarter of revenue guidance.
Anything Nvidia or CEO Jensen Huang says about the company's outlook and its sales backlog will be closely scrutinized.
Nvidia is at the center of the AI boom, and it counts counts every major cloud company and AI lab as a customer. All of the major AI labs use Nvidia chips to develop next-generation models, and a handful of companies called hyperscalers have committed hundreds of billions of dollars to construct new data centers around Nvidia technology in unprecedented build-outs.
AI is about to face an enormous test. The market is already nervous
Growing concerns about an artificial intelligence bubble have, in large part, caused the stock marketâs recent bout of volatility. So the AI industry will face an enormous test when Nvidia, the worldâs most valuable company and backbone of the AI boom, reports earnings after the bell on Wednesday.
The stock market rally â that had been going practically nonstop since April until this monthâs blip â largely depends on Nvidia. The chipmaker, which is the gold standard for AI computing power, has propelled the market higher across the past three years.
Investors are now eager to know whether demand for Nvidiaâs chips â and its optimism about the future â are continuing to grow or if there are signs of AI fatigue.
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