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Nvidia earnings, revenue expected to surge first quarter as AI trade faces latest test

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Nvidia News

Earnings Per Share,Loop Capital

Nvidia will report its fiscal Q1 earnings after the bell on Wednesday in a crucial report for both the AI trade and broader stock market.

) is set report its first quarter earnings after the bell on Wednesday in what will be one of the most consequential reports for investors this year.

Nvidia stock has been on a tear over the last year, rising over 200%. The stock has risen nearly 700% since the stock market lows in October 2022. But Roy, like analysts at BofA Global Research and Loop Capital, says there remain near-term concerns about how much the transition from Nvidia’s current Hopper line of AI chips to its Blackwell line will impact overall sales.The fear is that customers will put some of their orders for Hopper chips on hold while they wait for Nvidia to roll out its more powerful Blackwell products.

So far Amazon, Google, and Microsoft are using — or are working toward — their own AI chips that provide better power efficiency than Nvidia’s offerings.

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