From Nasdaq: 2024-05-16 15:50:00

Nvidia is set to report earnings, dubbed the “Superbowl of AI,” as the stock has soared 226% in the past year with a market cap over $2 trillion. Expectations are high with estimates suggesting a 406% year-over-year increase in quarterly earnings.

The company has a strong history of beating expectations, surpassing estimates in 18 of the past 20 quarters. With a Zacks Rank of Strong Buy, the odds of another beat are high. Investors will be watching for commentary on the new chip, “Blackwell,” during the earnings call.

Recent news of Chinese regulators urging tech firms to buy fewer Nvidia chips raises questions on the impact. To access all of Zacks’ stock picks, including Nvidia, for just $1, visit the link provided.



Read more at Nasdaq: Nvidia Earnings: The “Superbowl of AI” (Video Included)