All eyes are on Nvidia as it prepares to report its quarterly earnings

📆 28/08/2024 09:33 a. m.
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Nvidia’s revenue is expected to have surged to $28.74-billion, more than double what it earned in the comparable quarter one year ago

has led the artificial intelligence boom to become one of the stock market’s biggest companies, as tech giants continue to spend heavily on the company’s chips and data centres needed to train and operate their AI systems.

Wall Street expects the company to report second-quarter adjusted earnings of 65 cents per share up from 27 cents a year ago. Revenue is expected to have surged to $28.74-billion, more than double what it earned in the comparable quarter one year ago. By comparison, S&P 500 companies overall are expected to deliver just 5 per cent growth in revenue for the quarter, according to FactSet.

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