NVIDIA (NASDAQ:NVDA) stock will be in the spotlight next week as it publishes its financial results on Wednesday. These numbers will come as it is hovering near its all-time high, with its valuation soaring to $5.46 trillion.
NVIDIA Earnings Growth Likely Continued In Q1
All signs are that NVIDIA’s revenue and earnings growth accelerated in the first quarter. Its top suppliers like Taiwan Semiconductor (NYSE:TSM) and Hon Hai have published strong numbers.
At the same time, its top competitors like Advanced Micro Devices (NASDAQ:AMD) and Intel (NASDAQ:INTC) released encouraging numbers, led by their AI-focused businesses.
Most notably, its top clients, including companies like Microsoft (NASDAQ:MSFT), Meta Platforms (NASDAQ:META), and Amazon (NASDAQ:AMZN) released good numbers and boosted their capital expenditure guidance to over $725 billion.
Therefore, the average estimate among analysts is that NVIDIA’s revenue will be $79 billion, up by 78% YoY. Its earnings per share is expected to jump to $1.78 from the …