From Nasdaq: 2024-11-19 17:54:00

The Q3 earnings season is wrapping up, with only a few S&P 500 companies left to report. Stay informed with Zacks Earnings Calendar for all updates. Nvidia’s results are highly anticipated, following AMD’s strong growth in Data Center revenue, which reached $3.5 billion, up 122% from last year.

Despite positive Data Center results, AMD’s stock saw a post-earnings dip due to weaker sales forecasts and downward revisions by analysts. Nvidia’s Data Center results have consistently exceeded expectations, with CEO Jensen Huang bullish on future demand for AI technology.

Investors are eagerly awaiting Nvidia’s Q3 results, expecting nearly 100% year-over-year growth in Data Center revenue. Valuation multiples remain favorable, with Nvidia maintaining its position as a top AI stock. Check out Zacks’ 7 Best Stocks for potential early price pops and market-beating returns.



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