News Formal

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

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 92%

Technology News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Thailand approves $28 million EV investment from HyundaiThailand has approved an investment worth 1 billion baht ($28 million) from South Korean auto maker Hyundai, the Board of Investment said on Wednesday. The...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »