From Nasdaq: 2024-11-18 20:15:00

Nvidia’s stock, which has surged 196% so far in 2024, faces a test with the upcoming release of its Q3 fiscal 2025 results on Nov. 20. Investors are expecting the chipmaker to continue its AI-fueled growth. The company’s revenue and earnings have seen significant year-over-year increases in the past four quarters.

Nvidia’s revenue and earnings have shown strong growth in the past four quarters, with Q3 FY2024 revenue up 206% year-over-year and earnings per share up 593%. However, the company reported a slower growth rate in Q2 FY2025, leading to a drop in stock price. Analysts remain optimistic about Nvidia’s future growth potential with the launch of its Blackwell processors.

Nvidia’s dominance in the AI chip market remains strong, with a market share of up to 95%. The company’s revenue growth outpaces that of rivals like AMD, with expectations of selling $200 billion worth of Blackwell chips next year. Analysts predict a significant increase in Nvidia’s revenue for fiscal 2025, driven by strong demand for its new processors.

Investors have the opportunity to capitalize on Nvidia’s growth potential, as the company’s stock has tripled in the past year. With the upcoming release of Q3 fiscal 2025 results and the successful launch of Blackwell processors, Nvidia could see further upside. Analysts have issued a “Double Down” recommendation for Nvidia, signaling a potentially lucrative opportunity for investors.



Read more at Nasdaq: Nvidia Stock Has Done This After Its Last Four Quarterly Results. Here’s What It May Do After Nov. 20