Nvidia's Q1 Earnings: Record Results Driven by AI Chip Dominance?

  • 📰 DailyFX
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Will NVIDIA’s Q1 earnings report propel the stock to another all-time high or even reach a four-digit price tag for the first time?

NVIDIA is set to release its Q1 FY25 financial results on May 22, 2024, with expectations of delivering another record revenue and margin. In the previous earnings season, Nvidia stocks surged by nearly 10% on the earnings date. Will the forthcoming report help NVIDIA’s stock price mark another all-time high or even reach a four-digit price tag for the first time?

Looking ahead to the upcoming quarterly report, Nvidia is expected to report approximately $24 billion in total company revenue, reflecting a 9% increase from the previous quarter and a 234% increase year-over-year. Further complicating matters are potential supply chain disruptions. Nvidia's primary chip manufacturer, Taiwan Semiconductor Manufacturing Company , recently announced production capacity limitations that could constrain Nvidia's ability to meet market demand in the near future.

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:

 /  🏆 305. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

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

Nvidia Stock Earnings Preview: NVDA advances ahead of Wednesday’s Q1 resultsNvidia will release fiscal Q1 earnings after the close on Wednesday.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Nvidia’s earnings will be in focus next week as stocks try to sustain record levelsThe AI chipmaker could reinvigorate a trade that has the power to propel stocks higher at a time when market leadership has broadened.
Source: CNBC - 🏆 12. / 72 Read more »

Thursday's analyst calls: Fast food stock to surge 40%, what to expect from Nvidia earningsA fast food stock and Nvidia were among the stocks being talked about by analysts on Wall Street.
Source: CNBC - 🏆 12. / 72 Read more »

Analysts expect another strong earnings report from Nvidia, lift stock targetsAnalysts expect another strong earnings report from Nvidia, lift stock targets
Source: Investingcom - 🏆 450. / 53 Read more »

Tuesday's analyst calls: Nvidia earnings preview, gym stock gets an upgradeNvidia and a major gym stock were among the biggest names talked about by analysts on Tuesday.
Source: CNBC - 🏆 12. / 72 Read more »

Nvidia beating earnings per share expectations is worst-kept secret on Wall Street, says Evercore ISIWall Street may be banking on Nvidia beating earnings, but how the stock will react is less clear, says Evercore ISI.
Source: CNBC - 🏆 12. / 72 Read more »