Nvidia reports earnings after the bell

I-hwa Cheng | AFP | Getty ImagesHere is what Wall Street expects from the chipmaker in the quarter ending in July, according to LSEG estimates:Nvidia is the primary beneficiary of the ongoing artificial intelligence boom. Its market value has expanded more than nine times since the end of 2022.

Nvidia's October-quarter forecast will be critical for justifying the company's stock price. Analysts are looking for 71 cents in earnings per share on $31.8 billion in sales, which would be about 77% annual revenue growth.

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Chip delays, AI demand in focus in Wednesday's market-moving Nvidia earningsEarnings from bellwether Nvidia could play a pivotal role in the ongoing AI narrative, and decipher where a volatile market goes from here.
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