Nvidia to report earnings amid infrastructure spending, DeepSeek concerns
Nvidia is scheduled to report fourth-quarter financial results on Wednesday after the bell.
It's expected to put the finishing touches on one of the most remarkable years from a large company ever. Analysts polled by FactSet expect $38 billion in sales for the quarter ended in January, which would be a 72% increase on an annual basis.
woah man Nvidia is just out here printing money at this point. A 72% jump, yeah that’s not growth, that’s an actual cheat code. Anyone who didn’t invest in Nvidia last year, probably missed a golden ticket. Is it ok to invest now
The January quarter will cap off the second fiscal year where Nvidia's sales more than doubled. It's a breathtaking streak driven by the fact that Nvidia's data center graphics processing units, or GPUs, are essential hardware for building and deploying artificial intelligence services like OpenAI's ChatGPT. In the past two years, Nvidia stock has risen 478%, making it the most valuable U.S. company at times with a market cap over $3 trillion.
But Nvidia's stock has slowed in recent months as investors question where the chip company can go from here.