Semiconductors are in hot demand, and 2021's chip shortage is yet to be sated. Nvidia Stock News: Data center demand is key to earnings beatĪlthough anything could happen, our money is on another earnings beat. Wall Street is expecting adjusted earnings per share (EPS) of $1.29 on revenue of $8.09 billion.
Ready to make it 14, the market seems uncertain how much if at all inflation and recent retail jitters could affect Nvidia's results.Īlso read: With China in danger of recession, all eyes on Thursday's BABA earnings for clues The semiconductor behemoth known for its GPUs has beaten earnings expectations for 13 consecutive quarters. Nvidia (NVDA) stock is trading up 2.1% at $165 on Wednesday ahead of its quarterly earnings call after the close. Market sentiment will play a large roll in after-hours reaction.
NVDA stock is expected to post $1.29 a share on $8.09 billion in revenue. Nvidia could benefit from steady data center demand. In addition to AMD, its competitors include Intel, Qualcomm and AI-accelerator companies such as Graphcore. More recently, it has moved into the mobile computing market, where it produces Tegra mobile processors for smartphones and tablets as well as vehicle navigation and entertainment systems. They are deployed in supercomputing sites around the world. In addition to GPU manufacturing, Nvidia provides an API called CUDA that allows the creation of massively parallel programs which utilize GPUs. Its professional line of GPUs are used in workstations for applications in such fields as architecture, engineering and construction, media and entertainment, automotive, scientific research, and manufacturing design. Nvidia is a global leader in artificial intelligence hardware and software. It is a software and fabless company which designs graphics processing units, application programming interface for data science and high-performance computing as well as system on a chip units for the mobile computing and automotive market. NVIDIA Corporation is an American multinational technology company incorporated in Delaware and based in Santa Clara, California.
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