Shares of Nvidia Corp. have been on another tear. The stock is up 47% this year (after more than tripling during 2023) and this week overtook Alphabet Inc. to become the third-largest company in the S&P 500 by market capitalization. Nvidia
NVDA,
+1.81%
will announce quarterly results next week, and once again the year-over-year comparisons will be astounding because the company continues to dominate the market for graphics processing units (GPU). This was pretty much a new market last year as data centers scrambled to deploy GPUs and related hardware to support their corporate customer’s build-out of artificial-intelligence technology.
Nvidia has an odd fiscal year — Wednesday’s report will be for the fourth quarter of its fiscal 2024, which ended Jan. 29. Since the year-over-year comparison of quarterly results will be so extreme, here’s a look at the past four fiscal quarters’ results, along with consensus estimates among analysts polled by FactSet for the quarter to be reported Wednesday. Sales figures are in millions.
Estimate for quarter ended 1/29/2024
Quarter ended 10/29/2023
Quarter ended 07/30/2023
Quarter ended 04/30/2023
Quarter ended 01/29/2023
S …
Article Attribution | Read More at Article Source
NVDA,
+1.81%
will announce quarterly results next week, and once again the year-over-year comparisons will be astounding because the company continues to dominate the market for graphics processing units (GPU). This was pretty much a new market last year as data centers scrambled to deploy GPUs and related hardware to support their corporate customer’s build-out of artificial-intelligence technology.
Nvidia has an odd fiscal year — Wednesday’s report will be for the fourth quarter of its fiscal 2024, which ended Jan. 29. Since the year-over-year comparison of quarterly results will be so extreme, here’s a look at the past four fiscal quarters’ results, along with consensus estimates among analysts polled by FactSet for the quarter to be reported Wednesday. Sales figures are in millions.
Estimate for quarter ended 1/29/2024
Quarter ended 10/29/2023
Quarter ended 07/30/2023
Quarter ended 04/30/2023
Quarter ended 01/29/2023
S …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]