By Adam Clark
Nvidia is back in the spotlight this week as it prepares to report earnings. Sales of its Blackwell chips are likely to be the key variable as the market gauges how long the chip maker will dominate the artificial-intelligence hardware market.
Nvidia shares rose 0.5% in after-hours trading on Friday. The stock fell 3.3% during Friday's trading session.
Nvidia is expected to report adjusted earnings of 71 cents a share on revenue of $33.1 billion after the close on Wednesday, according to a FactSet poll of analysts' estimates. Nvidia has regularly beaten market expectations in recent quarters.
Apart from the numbers themselves, attention will be on how quickly Nvidia can ramp up sales of its Blackwell AI chips.
"Nvidia is expected to exceed Q3 guidance, with our estimates placing Blackwell revenue between $12-13 billion, notably above the market's $7-8 billion consensus," said Spear Invest founder Ivana Delevska
Dell Technologies CEO Michael Dell said on Monday that the first B200 NVL72 server racks -- which network together dozens of Blackwell chips -- had started shipping, in a post on social-media platform X.
Write to Adam Clark at adam.clark@barrons.com
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November 18, 2024 03:56 ET (08:56 GMT)
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