Nvidia's Q3 Earnings Anticipated Amid Record High Stock Price and AI Industry Developments

Nvidia is set to report its Q3 earnings, with Wall Street expecting a revenue of $16.1 billion, adjusted EPS of $3.36, data center revenue of $12.82 billion, and gaming revenue of $2.7 billion.
Nvidia recently unveiled the H200, a GPU designed for training and deploying AI models.
Nvidia's stock price has increased 245% in 2023, outpacing any other S&P 500 member.
The company's performance is being closely watched due to the ongoing drama surrounding Sam Altman's departure from OpenAI and his move to Microsoft.

Nvidia Corp., a key player in the AI industry, is set to report its Q3 earnings, with Wall Street expecting a revenue of $16.1 billion, adjusted EPS of $3.36, data center revenue of $12.82 billion, and gaming revenue of $2.7 billion. This comes after the stock closed at a record high of $504.09 per share. The company's performance is being closely watched due to the ongoing drama surrounding Sam Altman's departure from OpenAI and his move to Microsoft.

The key debate among investors is the direction of the company in the year 2025, according to UBS analyst Timothy Arcuri. Nvidia's stock price has increased 245% in 2023, outpacing any other S&P 500 member. Bank of America analysts expect a beat/raise in Nvidia's FQ3'24 earnings call but flagged China restrictions and competitive concerns.

Nvidia recently unveiled the H200, a GPU designed for training and deploying AI models. The company's valuation and market size have been topics of discussion among investors. However, concerns include potential cooling of generative AI enthusiasm, big customers moving to AMD's processors, and the impact of China restrictions.


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  • Unique Points
    • Nvidia's stock price has increased 245% in 2023, outpacing any other S&P 500 member.
    • Bank of America analysts expect a beat/raise in Nvidia's FQ3'24 earnings call but flagged China restrictions and competitive concerns.
    • Nvidia recently unveiled the H200, a GPU designed for training and deploying AI models.
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    None Found At Time Of Publication

98%

  • Unique Points
    • The company's performance is being closely watched due to the ongoing drama surrounding Sam Altman's departure from OpenAI and his move to Microsoft.
    • Nvidia has been a key player in the AI industry and its valuation and market size have been topics of discussion among investors.
  • Accuracy
    No Contradictions at Time Of Publication
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    None Found At Time Of Publication
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  • Unique Points
    • The key debate among investors is the direction of the company in the year 2025, according to UBS analyst Timothy Arcuri.
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    None Found At Time Of Publication
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    None Found At Time Of Publication
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    None Found At Time Of Publication

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    • The company's stock has seen a 219% increase in 2023 amid volatility in the Nasdaq composite.
    • Palantir is also seen as a front-runner for a new contract from the UK's National Health System (NHS) worth roughly $595 million.
    • The company's revenue growth has decelerated, with a slowdown to 24% in 2022 from 40% in 2021 and 47% in 2020.
    • Palantir has been profitable using generally accepted accounting principles (GAAP) for four straight quarters.
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