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NVIDIA Corporation (NASDAQ: NVDA) is set to release its second-quarter earnings results for fiscal year 2025 today, August 28, 2024, after the market closes. The earnings announcement is scheduled for 5 p.m. Eastern Time.
This earnings report is highly anticipated by investors and analysts alike, as NVIDIA has experienced a remarkable year, with its stock price soaring approximately 160% year-to-date. Analysts expect the company to report adjusted earnings per share (EPS) of around $0.65, reflecting a significant increase compared to the previous year. Revenue is projected to reach approximately $28.7 billion, marking a year-over-year increase of about 113%.
The upcoming earnings call is not just another quarterly update; it is considered a pivotal moment for the technology sector, particularly for the artificial intelligence (AI) industry. NVIDIA’s performance is seen as a barometer for the demand for AI technologies, and its results could influence market sentiment across various sectors.
Investors will be closely watching for insights into NVIDIA’s future guidance, especially regarding the anticipated launch of its new Blackwell GPU. Recent reports indicated potential delays in the release of this product, which could impact the company’s revenue projections.
You can listen to webcast here – https://investor.nvidia.com/events-and-presentations/events-and-presentations/event-details/2024/NVIDIA-2nd-Quarter-FY25-Financial-Results/default.aspx
As the clock ticks down to the earnings announcement, market participants are bracing for potential volatility, with estimates suggesting that NVIDIA’s market cap could see significant fluctuations based on the results. The company’s performance will likely set the tone for tech stocks and the broader market in the weeks to come.