Nvidia Q3 Preview: The Going Is Still Good For Now
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Nvidia Corporation is expected to continue its AI-driven growth in Q3, with projected revenue of $32.5 billion and a 75% gross margin. An EPS estimate of $0.78 surpasses the consensus of $0.74. However, a cyclical decline is anticipated as infrastructure build-out peaks.
November 11, 2024 | 6:15 pm
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Nvidia's Q3 is expected to show strong AI-driven growth with $32.5B in revenue and a 75% gross margin. EPS is estimated at $0.78, above the consensus of $0.74. However, a cyclical decline is anticipated as infrastructure build-out peaks.
Nvidia's strong Q3 guidance with revenue and EPS estimates above consensus suggests positive short-term stock performance. However, the mention of a potential cyclical decline due to infrastructure build-out peaking could temper long-term expectations.
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