NVIDIA Corporation to report Q2 earnings on Wednesday Aug. 18
Semiconductor giant, NVIDIA Corporation (NASDAQ: NVDA) will report its Q2 earnings on Wednesday, Aug. 18 after the market close. Analysts expect the chipmaker to produce an EPS of $1.02 on revenues of $6.32 billion.
 NVDA Weekly TTM
During the past three months, shares of NVIDIA have gained momentum, as the demand for chips remained strong. The stock, which went through a 4:1 split in July, closed at $201.88 on Friday, after surging 55% this year.
The Santa Clara, California-based chip manufacturer is the biggest producer of graphics chips used in personal computer gaming. Over the past few years, NVDA has successfully adapted its technology for the Artificial Intelligence market, creating an additional, new, multi-billion-dollar line of business.
In May, NVIDIA provided a bullish forecast on demand for chips used in gaming PCs, data centers and cryptocurrency mining. Revenue in the current quarter will be about $6.3 billion, plus or minus 2%. A $400 million chunk of second-quarter revenue will come from special chips the company has created for use by cryptocurrency miners. |
