NVIDIA's financial report indicates another surge in growth, with revenue growth expected to exceed 70% this quarter

Zhitong
2024.08.27 18:51

NVIDIA, the world's largest chip manufacturer by market capitalization, will release its financial report on Wednesday, potentially shaking up market expectations for artificial intelligence computing power once again. Analysts on average predict that the company will forecast revenue growth of over 70% for the current quarter. Some estimate that the increase may be even higher, as there is anticipation for NVIDIA's performance to continue its explosive growth, with investors rushing to buy NVIDIA in recent weeks. NVIDIA's second-quarter performance and third-quarter outlook will be seen as a barometer for AI spending in the tech industry. While there have been reports of delays in the release of certain versions of NVIDIA's new Blackwell chip series, most analysts believe that the current products are sufficient to meet demand, and these minor disruptions are insignificant. NVIDIA has not yet commented on this matter

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