Nvidia Corporation (NVDA, Financials) is expected to see a significant increase in its stock price following its 2024 third-quarter earnings report on November 20th. Analysts predict record revenues due to rising demand for AI-powered data centers and chips, strengthening Nvidia’s dominance in the semiconductor market. .
Traditionally, Nvidia’s stock price soars after earnings reports, and has already risen 8% this month. Analysts are predicting an increase of 10% or more if Nvidia can beat current expectations or come up with a more optimistic forecast for the Blackwell GPU architecture. Pre-orders indicate that NVIDIA’s product will be a huge success, with production said to be reserved for next year, demonstrating the huge dependence of AI on this field.
However, supply chain disruptions affecting partners like Super Microcomputer (SMCI, Finance) could impact Blackwell’s rollout and cause people’s concerns about whether the company will be able to maintain its growth rate. There is. Nvidia will provide further clarification on these issues during a conference call.
As Nvidia sets its sights on leading the AI revolution, the company’s Q3 report will be one of the biggest moments that shows Nvidia is one of the true pillars of the technology industry .
This article first appeared on GuruFocus.
