Nvidia (NVDA) is set to release its much-anticipated second-quarter earnings after the market closes on Wednesday.
The company’s results are expected to influence the tech sector, as investors watch for signals about the future of AI-driven growth.
Nvidia has had an impressive year, with its stock surging nearly 160% so far and over 60% in the past six months. In contrast, AMD (AMD) has seen modest gains, while Intel (INTC) continues to struggle. Nvidia is forecasted to post earnings of $0.65 per share and $28.7 billion in revenue, showing significant growth compared to the same period last year.
Nvidia dominates the AI chip market and is expected to maintain its lead despite potential delays in its next-generation Blackwell chips. Analysts remain confident in the company’s short-term outlook, citing strong performance from its existing Hopper chips.
The data center segment, a major revenue driver, is predicted to bring in $24 billion this quarter, though growth is expected to slow in the coming months. Nvidia’s gaming division, while smaller, still plays a significant role, with projected revenue of $2.7 billion.
Competitors like AMD are making moves in the AI space, but Nvidia remains well-positioned to continue benefiting from the industry’s growth.
The final week of July is shaping up to be a pivotal one for global markets, with multiple high-impact U.S. economic events lined up that could trigger volatility across stocks, bonds, and crypto assets.
Cryptocurrency ownership in the U.S. has grown steadily over the past few years, but it remains far from widespread.
The final days of July could bring critical developments that reshape investor sentiment and influence the next leg of the crypto market’s trend.
Tyler Winklevoss, co-founder of crypto exchange Gemini, has accused JPMorgan of retaliating against the platform by freezing its effort to restore banking services.