NVIDIA Is About To Beat Estimates Again
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Nvidia is expected to exceed estimates again, driven by strong demand for AI accelerators and the upcoming Blackwell Superchips. The company reported record Q2 FY2025 results with $30.04 billion in revenue, a 122% YoY growth, mainly due to a 154% YoY growth in the Data Center segment. Nvidia's $50 billion share repurchase program and Foxconn's manufacturing scale-up indicate confidence in long-term demand.
November 14, 2024 | 6:45 pm
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Nvidia is expected to exceed estimates due to strong AI demand and upcoming Blackwell Superchips. Record Q2 FY2025 results and a $50 billion share repurchase program highlight confidence in long-term growth.
Nvidia's strong Q2 FY2025 results with significant revenue growth, driven by the Data Center segment, indicate robust demand for its products. The $50 billion share repurchase program and Foxconn's manufacturing scale-up further demonstrate confidence in sustained demand for Nvidia's upcoming Blackwell Superchips, suggesting a positive short-term impact on NVDA's stock price.
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