Nvidia earnings to offer first true glimpse of the AI windfall

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Wall Street seems confident that Nvidia will post 'beat-and-raise' earnings this week. The key question now is how much upside the chip giant can deliver.

Wall Street seems confident that Nvidia Corp. will post a “beat-and-raise” earnings report this week. The key question now is how much upside the chip giant can deliver.

Analysts surveyed by FactSet said they expect revenue of $11.19 billion, along with adjusted earnings of $2.08 a share. Read: Will AI do to Nvidia what the dot-com boom did to Sun Microsystems? Analysts compare current hype to past ones. While Nvidia’s report is expected to bring record revenue, Jefferies analyst Mark Lipacis sees another way the company’s latest quarter could mark a milestone. He estimates that Nvidia’s data-center GPU revenue will exceed Intel and AMD’s data-center CPU revenues for the first time in history.

“Since Nvidia is also a vertically integrated ecosystem company that has consistently taken 5 points of share a year for the past 6 years vs Intel and AMD in data center, we forecast that it will continue to take 5 points of share until it hits 80% of the market over the next 5 years,” Lipacis said.

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