Today, Nvidia will report its Q3 2023 earnings after the bell. Expectations are high for the company once mainly known for its graphics hardware that helped power high-end video games. But in the last year, Nvidia has seen its stock price grow thanks to a relatively new market it’s entered into: making chips and related hardware for the AI industry.
Nvidia’s chips power most of the computers that AI programs run on, like OpenAI’s ChatGPT. Competitors Intel and AMD are working on rival chips, but for now, Nvidia is still king. And given that tech companies large and small around the world are focused on AI, demand for Nvidia’s chips should be stronger than ever—or, at least, that’s what investors are hoping they’ll hear on today’s third-quarter report. We’ll have to wait until after the bell to find out for sure.
Until then, here is what Wall Street is expecting Nvidia to announce according to data compiled by Bloomberg (per Yahoo Finance):
- Expected revenue: $16.1 billion
- Expected adjusted EPS: $3.36
- Expected data center revenue: $12.82 billion
- Expected gaming revenue: $2.7 billion
To put a few of those numbers into context, in last year’s Q3 Nvidia made $5.93 billion in revenue and $3.83 billion in data center revenue. For its third quarter 2023, Wall Street is expecting Nvidia to make 2.79 times more in revenue than it did a year ago and 3.8 times more in data center revenue than it did during last year’s Q3.
Whether Nvidia hit those lofty expectations remains to be seen. What we know for sure is investors seem to have confidence in the company. Yesterday, Nvidia stock (ticker: NVDA) closed at an all-time high of $504.09.
Inicia sesión para agregar comentarios
Otros mensajes en este grupo.
For all the many features it’s been lobbing into the world lately, Trello hasn’t given its most dedicated fans the one thing many of them crave most—and that’s a ticket back in t
Over the past three years, I’ve changed email providers three times without ever changing email addresses.
That’s because my address is entirely under my control. Instead of relying on a
If you dread the weekly grocery shop, or get sidetracked by fun snacks only to end up with no real meals, this might be the hack for you.
The 5-4-3-2-1 method gives shoppers like you a s
Look, I’m not gonna lie to ya’: I’ve got a bit of a love-hate relationship with PDFs. And, more often than not, it veers mostly toward the “hate” side of that spectrum.
Don’t get m
When the U.S. government signs contracts with private technology companies, the fine print rarely reaches the public. Palantir Technologies, however, has at
Bad news for morning routines everywhere: The New York Times has put its Mini Crossword behind a paywall.
On Tuesday, instead of their usual puzzle, players were met with a paywall. The
