Rick Wilking/Reuters
Investors are awaiting Nvidia’s second-quarter earnings report after the market close on Wednesday.
The AI chip company has set high expectations after its May revenue guidance exceeded Wall Street estimates.
Here’s what Wall Street expects from Nvidia’s upcoming earnings report.
Nvidia will be closely watched by investors this week as the company gets ready to release its second-quarter earnings report after the market close on Wednesday.
The chipmaker blew away analyst expectations in May when it issued second-quarter revenue guidance of $11 billion, which exceeded Wall Street estimates by a massive $4 billion.
The company, which manufactures and sells GPUs that help power AI chatbots like ChatGPT, has seen soaring demand for its products over the past few months, and it commands a decisive lead in the AI chip market.
“We’re using a lot of Nvidia hardware. We’ll actually take it as fast as they’ll deliver it to us. Frankly, if they could deliver us enough GPUs, we…
2023-08-21 20:51:06
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