Nvidia's eagerly awaited earnings report is due after market close today.For less than $8 a month, InvestingPro's Fair Value tool helps you find which stocks to hold and which to dump at the click of a buttonAs the driving force behind the recent AI rally, the chipmaker's results would have a ripple effect on the broader technology sector.
As usual, the bar is set very high for Nvidia's earnings. Analysts expect Nvidia to report an EPS of $0.64, up 134% year-on-year, on sales of $28.727 billion, a 109% increase year-on-year. Nvidia's guidance for the coming quarters will be crucial, with analysts anticipating growth to slow down, forecasting around 75% growth to $31.7 billion for the current quarter.Nvidia's recent rebound has been fueled by continued strong spending on its data centers and infrastructure, backed by feedback from major customers.Investors are also keenly watching for updates on Nvidia's Blackwell chip timetable.
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