Nvidia's stock rollercoaster affecting Q2 earnings, expected triple-digit revenue growth

From NBCUniversal: 2024-08-27 08:36:24

Nvidia’s stock has been on a rollercoaster lately, losing nearly 30% of its value after becoming the world’s most valuable public company. Investors are looking to the chipmaker’s upcoming earnings report, which is expected to show a fourth straight quarter of triple-digit revenue growth driven by its data center business.

Despite facing production issues, Nvidia CEO Jensen Huang remains optimistic about the new Blackwell AI chips. The delay in shipments to the first quarter of 2025 won’t impact current Hopper chip sales, as demand has shifted towards the newer H200 chip. Leading customers are eager for more processing power to advance their AI models.



Read more at NBCUniversal:: Nvidia is world’s ‘most important stock,’ adds pressure to Q2 earnings