Nvidia Corp. set to release earnings report, analysts expect strong results

Nvidia Corp. is scheduled to release its earnings report on Wednesday after the market closes. The company's stock has reached a record high of $149.77/share in 2024 and is currently trading near $145. Analysts predict that the company will report a profit of $0.74/share on $32.81 billion in revenue, while the Whisper number is a profit of $0.78/share. Nvidia's earnings have grown significantly in recent years, largely due to strong demand for its A.I. and crypto-related chips.

The article discusses Nvidia's dominant position in the tech sector, with its stock up 200% year-to-date in 2024 and consistently outperforming. The company offers graphics, compute, and networking solutions for various markets and is headquartered in Santa Clara, California. The author advises keeping an eye on how the stock reacts to news.

Nvidia Corporation provides products for gaming, professional visualization, data center, and automotive markets. Their products are sold to various types of companies, including original equipment manufacturers, system integrators, and cloud service providers. The company was founded in 1993 and is based in Santa Clara, California. It is important to observe how the market and the company react to news during earnings season. The author discloses that they have a position in NVDA and that the stock has been featured on FindLeadingStocks.com.