This is an excerpt from the Forward Guidance Newsletter. Subscribe to the newsletter for full editions.
The final report of the earnings season, Nvidia’s 3rd quarter report is set to be released today after the bell.
Nvidia is the biggest public company in terms of market cap. It has been the winner of AI’s boom. Shares have risen by almost 200% in the past year and more than 1,000% since September 20,22.
Analysts expect big things tonight from Nvidia. Wall Street has consistently raised its earnings per share predictions, which have increased from $2.81 to $2.84. Earnings Per Share for the Second Quarter came in at $2.70. That’s a 148% jump from September.
The third quarter revenue estimate is $33 billion. This would be an increase of 83% from the previous year. The second quarter’s earnings were $30 billion.
Investors will be watching for signs that Nvidia’s Blackwell GPU is in demand and working well. This high-performance chip, which is expected to power the next AI wave of computing, has a strong market. The call tonight comes amid reports that Blackwell GPUs are overheating. Nvidia invested over $2 billion into developing Blackwell. Shareholders (and the wider market) will want to see that these issues have been resolved.
You can check back tomorrow to read a complete recap of Nvidia’s Q3 earnings, and see what market movements will be interesting.
Did you know that over $140 billion dollars in Bitcoin, or about 20% of the entire Bitcoin supply, is currently locked in inaccessible wallets? Or maybe you have lost access to your Bitcoin wallet? Don’t let those funds remain out of reach! AI Seed Phrase Finder is here to help you regain access effortlessly. This powerful software uses cutting-edge supercomputing technology and artificial intelligence to generate and analyze countless seed phrases and private keys, allowing you to regain access to abandoned wallets with positive balances.
