{"id":115053,"date":"2024-10-17T05:00:46","date_gmt":"2024-10-16T22:00:46","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=115053"},"modified":"2024-10-17T05:00:46","modified_gmt":"2024-10-16T22:00:46","slug":"nvidia-is-set-to-dominate-another-big-tech-earnings-season","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=115053","title":{"rendered":"Nvidia is set to dominate another Big Tech earnings season"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p>We\u2019re rolling into what is expected to be another wild tech earnings season, and you can bet AI is going to be front and center. And if there\u2019s one company that everyone is watching, it\u2019s Nvidia (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/NVDA\/\" data-ylk=\"slk:NVDA;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">NVDA<\/a>).<\/p>\n<p>Shares of the chip giant are up more than 16% in the last month, and the stock is currently on pace to unseat Apple as the largest publicly traded company by market capitalization.<\/p>\n<p>The jump comes after Nvidia CEO Jensen Huang said demand for the company\u2019s upcoming Blackwell chip is \u201cinsane\u201d during <a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/www.cnbc.com\/2024\/10\/03\/nvidia-ceo-demand-for-blackwell-ai-chip-is-insane.html#:~:text=AI%20Impact-,Nvidia%20CEO%20Jensen%20Huang%20says%20demand%20for%20next,Blackwell%20AI%20chip%20is%20'insane'&amp;text=Nvidia%20CEO%20Jensen%20Huang%20said,chip%20Blackwell%20is%20%E2%80%9Cinsane.%E2%80%9D\" rel=\"sponsored noopener\" target=\"_blank\" data-ylk=\"slk:an interview with CNBC on Oct. 3;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">an interview with CNBC on Oct. 3<\/a>. Since then, shares of Nvidia have climbed roughly 18%, topping out at $130. But reports that the Biden administration will<a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/nvidia-stock-tumbles-from-record-high-on-news-of-possible-us-chip-export-cap-asmls-dismal-earnings-163259227.html\" data-ylk=\"slk:establish a cap on the number of AI chips;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\"> establish a cap on the number of AI chips<\/a> that can be shipped to certain countries put the rally on hold Tuesday before recovering some ground Wednesday.<\/p>\n<p>Nvidia\u2019s incredible stock performance and meteoric rise in data center sales over the last year have put the company in a difficult position for its upcoming earnings announcement, which it has yet to officially schedule.<\/p>\n<figure class=\"caas-figure\">\n<div class=\"caas-figure-with-pb\" style=\"max-height: 640px\">\n<div>\n<div class=\"caas-img-container caas-img-loader\" style=\"padding-bottom:67%\"><img decoding=\"async\" class=\"caas-img caas-lazy has-preview\" alt=\"FILE - Nvidia CEO Jensen Huang makes the keynote address at Nvidia GTC in San Jose, Calif. on March 18, 2024. Nvidia reports earnings on Wednesday, May 22, 2024. (AP Photo\/Eric Risberg)\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/qkQnmHjIre7QCVGCXChwYg--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA--\/https:\/\/s.yimg.com\/os\/creatr-uploaded-images\/2024-05\/278d9520-1882-11ef-bffe-34925bd41915\"\/><img decoding=\"async\" alt=\"FILE - Nvidia CEO Jensen Huang makes the keynote address at Nvidia GTC in San Jose, Calif. on March 18, 2024. Nvidia reports earnings on Wednesday, May 22, 2024. (AP Photo\/Eric Risberg)\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/qkQnmHjIre7QCVGCXChwYg--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA--\/https:\/\/s.yimg.com\/os\/creatr-uploaded-images\/2024-05\/278d9520-1882-11ef-bffe-34925bd41915\" class=\"caas-img\"\/><\/div>\n<\/div>\n<\/div>\n<p><figcaption class=\"caption-collapse\">Nvidia CEO Jensen Huang during his keynote address at Nvidia GTC in San Jose, Calif. on March 18, 2024. (AP Photo\/Eric Risberg)<span class=\"caption-credit\"> (ASSOCIATED PRESS)<\/span><\/figcaption><\/p>\n<\/figure>\n<p>In <a data-i13n=\"cpos:4;pos:1\" href=\"https:\/\/nvidianews.nvidia.com\/news\/nvidia-announces-financial-results-for-third-quarter-fiscal-2024\" rel=\"sponsored noopener\" target=\"_blank\" data-ylk=\"slk:the company\u2019s fiscal Q3 2024;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">the company\u2019s fiscal Q3 2024<\/a>, overall revenue soared 206% to $18.1 billion, while data center revenue rose a whopping 279% to $14.5 billion. And while Nvidia isn\u2019t staring down a decline in revenue, its growth will likely slow versus the same period last year, which could spook investors.<\/p>\n<p>Don\u2019t believe me? Just take a look at what happened after the company announced its <a data-i13n=\"cpos:5;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/nvidia-stock-slips-after-earnings-forecasts-top-estimates-amid-incredible-demand-for-its-next-gen-chip-202457442.html\" data-ylk=\"slk:Q2 earnings back in August;cpos:5;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">Q2 earnings back in August<\/a>. While the company beat on revenue and earnings per share, with data center revenue increasing 154% year over year to $26.3 billion, Nvidia shares still fell more than 6% immediately following the announcement. It took more than a month for the company\u2019s stock price to recover.<\/p>\n<p>The AI trade hasn\u2019t raised all ships, either. Shares of Broadcom (<a data-i13n=\"cpos:6;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/AVGO\/\" data-ylk=\"slk:AVGO;cpos:6;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">AVGO<\/a>) jumped 59% year to date, outpacing the broader S&amp;P 500 (<a data-i13n=\"cpos:7;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/%5EGSPC\/\" data-ylk=\"slk:GSPC;cpos:7;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">GSPC<\/a>), which rose 21%. Qualcomm (<a data-i13n=\"cpos:8;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/QCOM\/\" data-ylk=\"slk:QCOM;cpos:8;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">QCOM<\/a>) climbed 19% and AMD (<a data-i13n=\"cpos:9;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/AMD\/\" data-ylk=\"slk:AMD;cpos:9;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">AMD<\/a>) added just 6% to its stock price. Intel (<a data-i13n=\"cpos:10;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/INTC\/\" data-ylk=\"slk:INTC;cpos:10;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">INTC<\/a>), meanwhile, fell a stunning 55%.<\/p>\n<p>Broadcom benefits from its involvement in AI infrastructure, connecting servers and the like, while Qualcomm is seen as a potential beneficiary of on-device AI growth via AI smartphones and AI PCs. AMD is facing off against Nvidia and serves as an alternative on both price and availability.<\/p>\n<p>Then there\u2019s Intel, which is struggling amid its enormous turnaround effort that includes building out its third-party chip fabrication capabilities as well as trying to catch Nvidia and AMD in the AI processor space.<\/p>\n<p>But Nvidia is still the hands-down star of the show this earnings season. Investors will be looking for signs of continued AI spending from hyperscalers like Microsoft (<a data-i13n=\"cpos:11;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/MSFT\/\" data-ylk=\"slk:MSFT;cpos:11;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">MSFT<\/a>), Google (<a data-i13n=\"cpos:12;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/GOOG\/\" data-ylk=\"slk:GOOG;cpos:12;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">GOOG<\/a>, <a data-i13n=\"cpos:13;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/GOOGL\/\" data-ylk=\"slk:GOOGL;cpos:13;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">GOOGL<\/a>), Meta (<a data-i13n=\"cpos:14;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/META\/\" data-ylk=\"slk:META;cpos:14;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">META<\/a>), and Amazon (<a data-i13n=\"cpos:15;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/AMZN\/\" data-ylk=\"slk:AMZN;cpos:15;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">AMZN<\/a>), which make up a huge portion of AI sales, to get a sense of how well Nvidia chips are selling.<\/p>\n<p><button class=\"link caas-button readmore-button-finance collapse-button readmore-button-class\" data-ylk=\"elm:readmore;slk:Story continues\"><span class=\"readmoreButtonText\">Story continues<\/span><\/button><\/p>\n<p>They\u2019ll also look at how other chip companies perform this quarter ahead of Nvidia\u2019s announcement, which tends to be far later in the earnings cycle than its contemporaries.<\/p>\n<p>Wall Street will similarly be on the lookout for information about Nvidia\u2019s Blackwell rollout and whether the company is facing any supply constraints as it did with its Hopper chips. Either way, it\u2019s going to be a wild few weeks. Buckle up.<\/p>\n<figure class=\"caas-figure\">\n<div class=\"caas-figure-with-pb\" style=\"max-height: 350px\">\n<div>\n<div class=\"caas-img-container caas-img-loader\" style=\"padding-bottom:50%\"><a class=\"link\" href=\"https:\/\/preferences.newsletters.yahoo.net\/subscribe\/financetech?ncid=366&amp;.tsrc=366&amp;ncid=crm_-1410821-20240925-1&amp;bt_user_id=mr7cq8GBSOV6K8R5o6dQWsd8mroARct8lRG9zZ1%2FPepe5dyO67kJeyFk91MnkY38hkZgGBUtLOlt6SaTIZisU5i9%2FrMdsGFSavy5ysJLsER9VP7WMAHQxh4MBFN6ZrNF&amp;bt_ts=1727295067360\" data-ylk=\"\"><img decoding=\"async\" class=\"caas-img caas-lazy\" alt=\"Sign up for Yahoo Finance's Week in Tech newsletter.\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/qu1lgHXTnkxAhQS38I7XIg--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ4MA--\/https:\/\/s.yimg.com\/os\/creatr-uploaded-images\/2024-09\/442e77d0-7b79-11ef-af34-0a7f08eca47a\"\/><img decoding=\"async\" alt=\"Sign up for Yahoo Finance's Week in Tech newsletter.\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/qu1lgHXTnkxAhQS38I7XIg--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ4MA--\/https:\/\/s.yimg.com\/os\/creatr-uploaded-images\/2024-09\/442e77d0-7b79-11ef-af34-0a7f08eca47a\" class=\"caas-img\"\/><\/a><\/div>\n<\/div>\n<\/div>\n<p><figcaption class=\"caption-collapse\">Sign up for Yahoo Finance&#8217;s Week in Tech newsletter.<span class=\"caption-credit\"> (yahoofinance)<\/span><\/figcaption><\/p>\n<\/figure>\n<p><em>Email Daniel Howley at dhowley@yahoofinance.com. Follow him on Twitter at <\/em><a data-i13n=\"cpos:16;pos:1\" href=\"https:\/\/twitter.com\/danielhowley\" rel=\"sponsored noopener\" target=\"_blank\" data-ylk=\"slk:@DanielHowley;cpos:16;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"><em>@DanielHowley<\/em><\/a><em>.<\/em><\/p>\n<p><a data-i13n=\"cpos:17;pos:1\" href=\"https:\/\/finance.yahoo.com\/topic\/earnings\" data-ylk=\"slk:For the latest earnings reports and analysis, earnings whispers and expectations, and company earnings news, click here;cpos:17;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"><strong>For the latest earnings reports and analysis, earnings whispers and expectations, and company earnings news, click here<\/strong><\/a><\/p>\n<p><a data-i13n=\"cpos:18;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/\" data-ylk=\"slk:Read the latest financial and business news from Yahoo Fin;cpos:18;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"><strong>Read the latest financial and business news from Yahoo Fin<\/strong><\/a><a data-i13n=\"cpos:19;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/\" data-ylk=\"slk:ance.;cpos:19;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"><strong>ance.<\/strong><\/a><\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/finance.yahoo.com\/news\/nvidia-is-set-to-dominate-another-big-tech-earnings-season-194525244.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We\u2019re rolling into what is expected to be another wild tech earnings season, and you can bet AI is going to be front and center. And if there\u2019s one company &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=115053\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-115053","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/115053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=115053"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/115053\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=115053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=115053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=115053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}