From Nasdaq: 2024-11-15 08:15:00

NVIDIA Corporation is set to report third-quarter fiscal 2025 results on Nov. 20, with expected revenues of $32.5 billion. The Zacks Consensus Estimate of $32.81 billion indicates an 81% increase from the year-ago figure. Earnings are predicted to be 74 cents per share, reflecting 85% growth from last year.

NVIDIA’s Datacenter business strength, driven by cloud solutions adoption, is expected to boost third-quarter revenues. The Hyperscale demand and inference market adoption are likely tailwinds. The Gaming and Professional Visualization end markets are also poised for growth, with revenue estimates showing positive trends. The company’s Automotive segment is also showing improvement.

NVIDIA’s dominance in generative AI chips positions it well for substantial growth. The global generative AI market size is projected to reach $967.6 billion by 2032. Despite a premium valuation, NVIDIA’s advanced chips are expected to drive growth in various sectors. The company’s leadership in AI and innovation make it a compelling investment opportunity.

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Read more at Nasdaq: Should NVIDIA Stock be Part of Your Portfolio Ahead of Q3 Earnings?