Nvidia's Big Earnings Day: Will AI Keep the Momentum?

Nvidia reports earnings this Wednesday, and Wall Street is focused on more than just the numbers. Analysts expect $33.16 billion in revenue and 75 cents per share in adjusted earnings for the third quarter. But the real attention is on Nvidia’s forecast for the next quarter—$37.08 billion in sales and 82 cents per share in earnings.

Investors are watching to see if the AI boom, now entering its third year, will fuel continued growth. Much of that future growth will come from Blackwell, Nvidia's next-gen AI chip for data centers, already shipping to Microsoft, Google, and Oracle.

But there’s a catch—some systems with Blackwell chips are reportedly overheating. CEO Jensen Huang's comments will be crucial for insight into demand and potential challenges.

Nvidia’s stock has nearly tripled in 2024, but will this momentum continue?

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