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Interestingly, on Thursday, NVDA stock jumped about 4.4% after Reuters reported that the U.S. Commerce Department approved about 10 Chinese companies to purchase Nvidia’s H200 chips.
What to Expect from NVDA’s Q1 Earnings
Wall Street expects Nvidia to report EPS (earnings per share) of $1.75, reflecting 116% year-over-year growth. Revenue is estimated to rise 79% to $78.82 billion.
Investors will look forward to management’s commentary on the demand backdrop to understand if the company can sustain its impressive growth rates amid rising competition.
