Nvidia prepares for its third-quarter earnings report, with revenue estimates at $33 billion, marking an 83% year-over-year increase. Shares have surged nearly 200% in 2024, riding the AI boom. Analysts predict an earnings per share of $2.84, up from $2.70 in the prior quarter, which was a 148% year-over-year jump. Investors are keen to see how the high-performance Blackwell GPU is performing, especially amid concerns about overheating issues that have arisen since its development investment of over $2 billion. As the largest public company by market cap, Nvidia's performance is crucial, especially with expectations of significant demand for its AI-driven products. A subsequent recap of Nvidia's Q3 earnings will cover the market's reactions following the report.

Source 🔗