Anticipation for Nvidia Blackwell chips high with $10 billion in potential sales forecasted

From Nasdaq: 2024-10-11 05:10:00

Nvidia is gearing up to release its new Blackwell GPU, expected to be a major hit with early demand trends and estimates predicting billions in sales by the fourth quarter. The company’s share buyback program and stock valuation are also under scrutiny as investors await the fiscal fourth-quarter results.

Investors are eager to see if Nvidia will follow through on its $50 billion share buyback program, especially as the company’s stock valuation remains relatively attractive compared to last year. Management’s response to the rising stock price and the potential impact of Blackwell sales on earnings will be closely watched by shareholders.

While anticipation for Nvidia’s Blackwell launch is high, investors should also pay attention to how the company handles its stock buyback program and insider selling. The actions of management and insiders may provide valuable insights into how Nvidia views its stock and future prospects, urging caution amidst the hype surrounding Blackwell’s release.



Read more at Nasdaq: Morgan Stanley Thinks Blackwell Chips Could Generate $10 Billion in Sales for Nvidia by Q4. Here’s 1 Other Figure I’m More Interested to See.