NVIDIA Stock Expected to Surge
Earnings and Revenue Projections Released
Analysts Optimistic About Future Performance
NVIDIA Corporation (NVDA), a leading designer of graphics processing units (GPUs), is set to release its first-quarter earnings report on May 22, 2024. Analysts polled by FactSet anticipate a strong showing for the company, with earnings per share (EPS) soaring by 47.4% to $5.22 and revenue climbing by 24.1% to $24.5 billion.
For its fiscal first quarter, NVIDIA is projected to deliver earnings of $1.32 billion on sales of $24.7 billion. This represents a significant increase compared to the previous year's first quarter, when the company reported earnings of $897 million and revenue of $20.1 billion.
Analysts are optimistic about NVIDIA's future performance, citing the company's strong position in the gaming, data center, and automotive markets. The company's GPUs are used in a wide range of applications, including gaming, artificial intelligence (AI), and self-driving cars.
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