Nvidia Q3 Earnings Preview: 9% Stock Move Likely Amid High Expectations

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NVIDIA Corporation

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The technology giant, known for its innovations in graphics processing units and artificial intelligence , continues to capture market attention with robust growth expectations across its key segments. The Data Center segment is anticipated to generate $29 billion, marking a 100% increase from the previous year, while gaming revenue is expected to rise by 7% to $3 billion.

However, past performance also highlights the volatility associated with high expectations; Nvidia’s stock dipped by 6% following the second-quarter earnings despite beating expectations, underscoring the high bar set by the market. This positions the stock closer to its 52-week high of $149.77, far above its 52-week low of $45.01, reflecting the company’s substantial growth trajectory over the past year. Nvidia’s market capitalization stands at a staggering $3.56 trillion, supported by strong financial metrics, including a trailing PE ratio of 67.22 and a forward PE ratio of 34.18.

Investors are eagerly awaiting Nvidia’s guidance for the fourth quarter, with revenue expectations set at $37 billion. The focus will be on CEO Jensen Huang’s insights regarding the Blackwell AI chips, particularly in terms of supply and demand dynamics, which could significantly impact future earnings and market positioning.

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