From CNBC:

Nvidia’s highly anticipated fiscal fourth-quarter earnings report is scheduled for release after the bell on Wednesday. The company has seen a nearly fivefold increase in stock price since the end of 2022, with a market value of $1.72 trillion. Analysts are expecting a 240% increase in revenue to $20.6 billion and a sevenfold surge in net income to $10.5 billion.

Investors are eager to hear how long the company can sustain its high growth rates. Nvidia’s GPUs are primarily sold to big tech companies such as Microsoft, Amazon, Meta, and Google, and there are concerns about long-term demand. The company is also planning to release a new highest-end server GPU called the B100 in 2024, which may impact its growth rate.

While Nvidia has other businesses, such as chips for PC gaming and automotive chips, the focus remains primarily on its AI GPUs, which make up more than 80% of its sales. Wall Street analysts expect a 208% growth rate to about $22.17 billion in sales for the current quarter. The company’s performance will provide insight into the sustainability of the AI boom in the technology industry.



Read more: Nvidia (NVDA) earnings report Q4 2024