A surging stock market may not need a catalyst — but it's getting one

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 23 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Nvidia News

Harsh Kumar

As the stock market flirts with another round of all-time highs, the Nvidia earnings are just around the corner — and analyst expectations are high, once...

Just in time, chipmaking juggernaut Nvidia comes a-calling. The company’s report is way at the end of the regular earnings season — nearly a month after Meta’s.Its market cap is $2.3 trillion, and it’s now the third-weightiest stock in the S&P 500 behind Microsoft and Apple. In what might be termed the Nvidia-verse, a whole host of semiconductor companies that either compete with or service Nvidia rise or fall with its shares.

And analysts, by and large, think Nvidia can meet or beat those lofty expectations. Revenue is forecast to have grown by 242% last quarter— and that follows three quarters of triple-digit percentage year-over-year sales increases. But it’s John Vinh of KeyBanc who really got my attention with yet another huge number. He expects data center revenue to climb to $200 billion in calendar 2025. That would represent a 321% increase over 2023.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Tech leads stock slide, Nvidia falls almost 4%Investors have put rate-cut worries on the backburner to focus on earnings season instead.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Tech stocks smoked, Nvidia tumbles 9% to cap worst week of the yearA measure of calm was returning after Israel's retaliatory strike on Iran spooked the market and spurred a rush to safe havens such as gold.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Tech stocks smoked, Nvidia tumbles 10% to cap worst week of the yearA measure of calm was returning after Israel's retaliatory strike on Iran spooked the market and spurred a rush to safe havens such as gold.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »