Nvidia has become world's 'most important stock,' adding pressure to upcoming earnings report

  • 📰 CNBC
  • ⏱ Reading Time:
  • 38 sec. here
  • 18 min. at publisher
  • 📊 Quality Score:
  • News: 74%
  • Publisher: 72%

Apple Inc Nouvelles

Business,Breaking News: Technology,Technology

Nvidia has been the primary beneficiary of the AI boom, as a handful of the richest technology companies order billions of dollars of the company's processors.

Nvidia's stock has turned increasingly volatile as investors look for any sign that large cloud providers are showing a changed appetite for artificial intelligence processors.

Analysts expect a fourth straight quarter of triple-digit growth, but at a reduced pace of 112% to $28.7 billion, according to LSEG. From here, year-over-year comparisons get much tougher, and growth is expected to slow in each of the next six quarters. Much of the optimism heading into the report — the stock is up 8% in August — is due to comments from top customers about how much they're continuing to shell out for data centers and Nvidia-based infrastructure.the pace of their buildouts and said underinvesting was a greater risk than overspending.

The report came after Nvidia CEO Jensen Huang surprised investors and analysts in May by saying the company will see "a lot" of Blackwell revenue this fiscal year.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

AI tokens post huge weekly gains in anticipation of Nvidia's Q2 earningsSeveral AI tokens, including FET, RENDER and NEAR Protocol (NEAR), have posted huge gains as the market anticipates Nvidia's (NVDA) Q2 earnings on August 28.
La source: FXStreetNews - 🏆 14. / 72 Lire la suite »

Nvidia earnings is an 'an underpriced risk' for markets: BofANvidia earnings is an 'an underpriced risk' for markets: BofA
La source: Investingcom - 🏆 450. / 53 Lire la suite »