Nvidia expected to beat Q2 earnings estimate by 10% or more, indicating positive outlook for stock.

From Nasdaq: 2024-08-27 20:00:00

Artificial intelligence (AI) giant Nvidia (NASDAQ: NVDA) will report Q2 fiscal 2025 results on Aug. 28. Nvidia’s earnings are highly anticipated as they signal AI market trends. A crucial focus is its AI chip market dominance and data center business performance, as it could exceed Wall Street’s estimates by at least 10%.

Nvidia has a strong history of beating Wall Street’s earnings estimates, with an 88% success rate in the last 16 quarters. The company’s stock is a key player in the overall market’s performance. In Q2, it is projected to show remarkable growth in revenue and adjusted EPS, pointing to a robust AI market.

Data suggests that Nvidia’s earnings beats have become larger since embracing generative AI technology. As Nvidia stock continues to soar, its upcoming earnings report is expected to exceed expectations. Despite a high forward P/E ratio, Nvidia’s earnings potential might indicate undervaluation. Investors should consider its track record for guidance.



Read more at Nasdaq: Prediction: Nvidia Will Beat Wall Street’s Earnings Estimate by 10% or More on Wednesday