Nvidia is expected to say on Wednesday that its quarterly sales have more than doubled, even as year-on-year growth slows, as Wall Street braces for what has become one of the world’s most closely watched earnings reports.
Analysts predict the US chipmaker will report $28.7bn in revenue for the quarter, which would represent an increase of more than 100 per cent from the year before. Still, that would represent a significant slowdown from the previous quarter, when revenue growth reached a blistering 262 per cent, fuelled by an insatiable demand for its chips that power a wave of AI innovation.
Investors will be watching in particular for how much a delay to its next-generation Blackwell chips could hinder its phenomenal growth story.
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