NVIDIA Q1 Earnings Preview: Analysts Anticipate Strong Results, Top AI Stock — 'Best Secular Idea In All Of Technology'
Portfolio Pulse from Chris Katje
NVIDIA Corporation (NASDAQ: NVDA) is set to report its Q1 earnings, with analysts expecting strong results. Revenue is estimated at $24.60 billion, significantly higher than last year's $7.19 billion. Earnings per share are projected at $5.58, up from $1.09 last year. Analysts have high expectations, with several raising their price targets. However, potential volatility is anticipated due to the upcoming Blackwell transition.
May 20, 2024 | 9:43 pm
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NVIDIA is expected to report strong Q1 earnings with significant year-over-year growth in revenue and earnings per share. Analysts have raised their price targets, but potential volatility is anticipated due to the Blackwell transition.
NVIDIA has a strong track record of beating earnings and revenue estimates. Analysts are optimistic, raising price targets and highlighting robust demand. However, the upcoming Blackwell transition could introduce volatility.
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