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.
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.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »