From Nasdaq: 2024-11-18 03:35:00

1. Nvidia, the leading semiconductor company, is set to announce earnings for the third quarter of fiscal 2025 on Nov. 20. With a 950% surge in shares since the launch of ChatGPT, investors anticipate positive results driven by the upcoming Blackwell GPU production ramp.
2. Wall Street analysts have revised Nvidia’s earnings estimates higher, expecting an 85% increase in earnings per diluted share to $0.74. The company’s guidance of an 80% revenue increase to $32.5 billion for the quarter indicates strong demand for its GPUs, potentially leading to a stock price surge.
3. Nvidia’s key customers, including Alphabet, Amazon, Meta Platforms, and Microsoft, expect significant increases in capital expenditures for AI infrastructure in the coming quarters. This reflects strong demand for Nvidia’s products, highlighting the company’s competitive advantage in vertical integration and positioning it for future growth.

Read more at Nasdaq: Prediction: Nvidia Stock Will Soar After Nov. 20 for These 3 Simple Reasons