Nvidia's Upcoming Earnings Report and Blackwell Sales: A Bright Future Ahead
Nvidia (NVDA) is set to announce its Q3 2024 earnings on November 20, 2024. Analysts are optimistic, predicting quarterly earnings of **$0.74 per share**, an 85% increase compared to the same period last year. Revenue forecasts are equally impressive, with expectations of **$32.81 billion**, representing an 81.1% year-over-year growth.
The excitement around Nvidia's earnings report is further amplified by the anticipation surrounding the **Blackwell sales**. Nvidia's next-generation Blackwell chips are expected to significantly boost the company's performance, with analysts predicting that the stock price could exceed **$150** and potentially reach **$165** during the rally. The strong demand for Blackwell chips, which are used to train and run AI applications, is a key driver of this positive outlook.
While there are concerns about potential supply chain constraints, Nvidia's proactive approach and strategic planning suggest that the company is well-prepared to navigate these challenges. Investors are advised not to worry too much about the SMC issue, as Nvidia's robust performance and forward-looking strategies are likely to outweigh any short-term disruptions.
Nvidia's consistent track record of exceeding expectations and its readiness to tackle new challenges position the company for continued success. With the upcoming earnings report and Blackwell sales, Nvidia is poised to deliver strong results and maintain its leadership in the AI and data center markets.
In conclusion, Nvidia's upcoming earnings report and Blackwell sales are expected to exceed expectations, with the stock price potentially reaching **$150 - $165** during the rally. Investors should remain confident in Nvidia's ability to navigate any challenges and continue its upward trajectory.
Comments