Nvidia's Q3 Earnings Preview: AI Boom Could Drive 88% Growth

Santa Clara, Monday, 18 November 2024.
As Nvidia prepares to release its Q3 earnings on November 20, 2024, analysts project an extraordinary 88% earnings growth, driven by unprecedented AI chip demand. With data center revenue expected to reach $29.53 billion and stock value nearly tripling this year, the chipmaker’s performance could signal the strength of the AI market. However, supply chain constraints for their new Blackwell chip might temper near-term expectations.