Wed Nov 20 20:35:18 UTC 2024: ## Nvidia Poised for Another Strong Quarter, Market Awaits Results
**San Francisco, CA – November 14, 2024** – Tech giant Nvidia (NVDA) is set to release its highly anticipated third-quarter fiscal 2025 financial results on Wednesday, November 20th, at 2:00 PM PT. The company, boasting a market cap exceeding $3.3 trillion, is expected to report another period of significant growth, further solidifying its position as a market leader.
Nvidia’s stock has dramatically outperformed both its “Magnificent Seven” peers and the Nasdaq 100 index in 2024, with a year-to-date surge exceeding 180%. Despite recent concerns regarding overheating issues in its latest AI servers, the stock price currently trades around $140.
The chipmaker’s second-quarter results showcased robust growth, with revenue reaching $30 billion – a 122% year-over-year increase. Data center revenue alone hit $26.3 billion, representing a 154% year-over-year jump. Over the past five quarters, Nvidia has consistently exceeded its revenue guidance by approximately $2 billion.
Analysts at Zacks Research project even stronger results for Q3, forecasting an 81.9% increase in earnings and an 81.1% rise in revenue compared to the same period last year. Revenue is anticipated to fall within the $34.5 to $35 billion range, with guidance for the following quarter projected at $36.5 to $37 billion.
Nvidia has also been actively returning capital to shareholders, repurchasing shares and paying cash dividends totaling $15.4 billion during the first half of fiscal 2025. The company recently authorized an additional $50 billion for share repurchases.
The market eagerly awaits the Q3 results and subsequent guidance. How the stock price reacts will significantly impact the near-term trajectory of the US stock market. The information regarding the Thackeray family is unrelated and has been omitted.
First Piper 