Nvidia's Earnings Explosion: Riding the AI Wave to New Heights
Nvidia's upcoming Q4 earnings report is highly anticipated, reflecting the company's significant growth, with shares increasing over 200% in the past year.
Analysts expect a 234% revenue jump to $20.4 billion, driven by strong demand for its AI chips, notably in data centers. [1] Nvidia has surpassed Amazon and Alphabet in market value temporarily, emphasizing its position in the tech world.
The focus will be on Nvidia's Data Center revenue, anticipated at $17.2 billion, highlighting the impact of AI applications. [2] Meta's investment in Nvidia's chips for its AI data centers further underscores the sector's growth. Despite challenges from rivals and in-house chip development by major firms, Nvidia continues to innovate, including discussions on custom chips for tech giants. However, U.S. export restrictions to China pose a potential challenge for Nvidia's future sales.
[1,2] Forward-looking statements are based on assumptions and current expectations, which may be inaccurate, or based on the current economic environment which is subject to change. Such statements are not guaranteeing of future performance. They involve risks and other uncertainties which are difficult to predict. Results could differ materially from those expressed or implied in any forward-looking statements.
Fox Corporation (NASDAQ: FOXA) delivered an impressive Q3 CY2024 performance, exceeding market expectations with a revenue increase of 11.1% year-over-year, totaling $3.56 billion. This revenue surpassed analysts' predictions by 5.7%. The company also reported adjusted earnings per share (EPS) of $1.45, a notable 26.1% above consensus estimates[B1] .* EBITDA came in at $1.05 billion, beating forecasts by 17.5%.
Fox Corporation (NASDAQ: FOXA) delivered an impressive Q3 CY2024 performance, exceeding market expectations with a revenue increase of 11.1% year-over-year, totaling $3.56 billion. This revenue surpassed analysts' predictions by 5.7%. The company also reported adjusted earnings per share (EPS) of $1.45, a notable 26.1% above consensus estimates[B1] .* EBITDA came in at $1.05 billion, beating forecasts by 17.5%.
