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.
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