From Investing.com: 2024-05-17 04:54:43

Nvidia is gearing up to release its fiscal Q1 2025 earnings, with a focus on growth in the data center segment and updates on the Blackwell platform. Analysts expect revenue to hit $24.65 billion, a significant jump from the previous year. The AI boom has led to rapid expansion in the data center division, positioning Nvidia as a key player in the industry.

Citi analysts project Q1 total and data center sales to reach $24 billion and $21 billion, in line with expectations. Looking ahead to the July quarter, total sales are estimated at $27.5 billion, with buy-side expectations slightly higher. Investors are eager to see how Nvidia’s upcoming earnings report will address key areas of focus.

On the cusp of their earnings report, Piper Sandler analysts anticipate strong demand for Nvidia’s data center products, setting the stage for another “beat-and-raise quarter.” Hopper GPU demand remains robust, with supply struggling to keep pace. Positive results could see Nvidia’s stock remain steady post-earnings, aligning with high investor expectations.



Read more at Investing.com: Here’s what Citi, Piper Sandler analysts expect to see By Investing.com