From Nasdaq: 2024-11-17 05:10:00

Nvidia (NASDAQ: NVDA) is set to release its latest earnings figures on Nov. 20, with the potential for a surge in its already soaring stock. The company has beaten earnings estimates for the past four quarters, seen triple-digit earnings growth, and secured gross margin levels of over 70%.

Nvidia’s GPUs, crucial for AI tasks, have led to enormous earnings growth, with the company reporting $30 billion in revenue in the most recent quarter. The upcoming earnings report is expected to show double-digit revenue growth from the same period last year, with gross margins forecasted to remain profitable in the mid-70% range.

Demand for Nvidia’s Blackwell architecture has surpassed supply, suggesting ongoing strong demand for its products. Other tech giants like Alphabet and Meta Platforms have expressed excitement about Nvidia’s offerings, hinting at potential growth in the AI infrastructure sector.

Taiwan Semiconductor has reported high demand for Nvidia’s products, with CEO C.C. Wei calling it just the beginning of this demand. Nvidia may provide details on its Blackwell launch during its earnings report, along with expectations for revenue growth.

Investors should pay attention to any potential impact from troubles facing Super Micro Computer, a customer of Nvidia, on sales or distribution of Blackwell systems. Despite high demand, Nvidia must continue to serve all customers, making progress in this area important to watch for.

With Nvidia’s strong track record, positive comments from industry heavyweights, and the potential of Blackwell, the upcoming earnings report could be another big moment for the company and investors. Don’t miss out on this potentially lucrative opportunity to invest in a market leader.



Read more at Nasdaq: Here’s What to Expect From Nvidia on Nov. 20.