NVIDIA Is About To Beat Estimates Again
Portfolio Pulse from
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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